Orbotech Ltd Received its Third Buy in a Row

By Jason Carr

After Oppenheimer and Jefferies assigned a Buy rating to Orbotech Ltd in the last month, the company received another Buy, this time from Cowen & Co.. Analyst Timothy Arcuri reiterated a Buy rating on Orbotech Ltd (NASDAQ: ORBK) today. The company’s shares opened today at $36.81, close to its 52-week high of $37.48.

According to TipRanks.com, Arcuri is a top 100 analyst with an average return of 20.3% and a 66.7% success rate. Arcuri covers the Technology sector, focusing on stocks such as ChipMOS Technologies, Skyworks Solutions, and Applied Materials.

Orbotech Ltd has an analyst consensus of Strong Buy, with a price target consensus of $40.50.

Orbotech Ltd’s market cap is currently $1.76B and has a P/E ratio of 21.99. The company has a book value ratio of 2.2697.

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Orbotech Ltd. engages in the design, development, manufacture, market and service of automated optical inspection (AOI) systems for bare printed circuit boards (PCB), flat panel displays (FPD), and imaging solutions for PCB production. It operates through the following segments: Production Solutions for the Electronics Industry, Solar Energy, and Recognition Software. The Production Solutions for the Electronics Industry segment designs, develops, and trades automated optical inspection, automated optical repair, imaging, and production systems used in the manufacture of PCBs and other electronic components. The Solar Energy segment includes the design, development, manufacture and marketing of solar photovoltaic energy systems that produce electricity directly from sunlight. The Recognition Software segment includes the development and marketing of check processing and healthcare revenue cycle management solutions to banks, financial and other payment processing institutions. The company was founded on February 8, 1981 and is headquartered in Yavne, Israel.