Stock of the Day: Could Orbotech Ltd Lose its Strength? The Stock Reaches 52-Week High

Stock of the Day: Could Orbotech Ltd Lose its Strength? The Stock Reaches 52 Week High

The stock of Orbotech Ltd (NASDAQ:ORBK) hit a new 52-week high and has $45.18 target or 40.00% above today’s $32.27 share price. The 5 months bullish chart indicates low risk for the $1.58B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $45.18 price target is reached, the company will be worth $632.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 72,531 shares traded hands. Orbotech Ltd (NASDAQ:ORBK) has risen 28.57% since April 19, 2016 and is uptrending. It has outperformed by 24.71% the S&P500.

Orbotech Ltd (NASDAQ:ORBK) Ratings Coverage

Out of 6 analysts covering Orbotech (NASDAQ:ORBK), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Orbotech has been the topic of 7 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Needham given on Thursday, December 10. Lake Street initiated it with “Buy” rating and $28.0 target price in Tuesday, September 8 report. The stock has “Buy” rating given by Needham on Monday, November 16. The firm earned “Outperform” rating on Tuesday, January 5 by Cowen & Co. The rating was initiated by JP Morgan with “Overweight” on Monday, December 21. Oppenheimer maintained Orbotech Ltd (NASDAQ:ORBK) rating on Wednesday, December 2. Oppenheimer has “Outperform” rating and $35.0 price target. The firm has “Outperform” rating by RBC Capital Markets given on Friday, November 6.

According to Zacks Investment Research, “Orbotech LTD. is the world leader in the design, development, manufacture and marketing of AOI systems for use in the manufacture of printed circuit boards and flat panel displays and is a leader in the design, development, manufacture and marketing of imaging solutions for PCB production and of AOI systems for use in the electronics assembly industry. They market computer aided manufacturing solutions for PCB production and continue to develop its proprietary AOI technologies for use in other applications both within and outside the electronics industry. (press release)”

More news for Orbotech Ltd (NASDAQ:ORBK) were recently published by: Marketwatch.com, which released: “Orbotech Ltd.” on March 20, 2011. Streetinsider.com‘s article titled: “Orbotech Ltd (ORBK) Announces Completion of Debt Repositioning” and published on June 13, 2016 is yet another important article.

ORBK Company Profile

Orbotech Ltd. (Orbotech), incorporated on February 8, 1981, is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The Firm operates through three divisions: Production Solutions for the Electronics Industry, Solar Energy and Recognition Software. The Firm designs, develops, makes, markets and services solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs) and semiconductor devices (SDs). The Company’s products include direct imaging (DI), automated optical inspection (AOI), automated optical repair (AOR) and other production systems used in the manufacture of PCBs; AOI, test, repair and process monitoring systems used in the manufacture of FPDs, and etch, physical vapor deposition (PVD) and chemical vapor deposition (CVD) equipment for use in the manufacture of SDs, such as micro-electro-mechanical systems (MEMS), advanced semiconductor packaging (Advanced Packaging), power and radio frequency (RF) devices and high brightness light emitting diode (HBLED) devices.

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