Orbotech (ORBK) is Initiated by Cowen to Outperform, Price Target at $30

Orbotech (ORBK) is Initiated by Cowen to Outperform according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $30. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

Orbotech Ltd. is up 46.75% in the last 3-month period. Year-to-Date the stock performance stands at 49.53%.

Shares of Orbotech Ltd. (NASDAQ:ORBK) rose by 1.1% in the past week and 3.27% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 1.94% and the outperformance increases to 5.68% for the last 4 weeks.

Shares of Orbotech Ltd. (NASDAQ:ORBK) ended Thursday session in red amid volatile trading. The shares closed down 0.4 points or 1.78% at $22.13 with 127,759 shares getting traded. Post opening the session at $22.34, the shares hit an intraday low of $22.13 and an intraday high of $22.54 and the price vacillated in this range throughout the day. The company has a market cap of $926 million and the number of outstanding shares have been calculated to be 41,852,928 shares. The 52-week high of Orbotech Ltd. (NASDAQ:ORBK) is $22.669 and the 52-week low is $14.36.

Currently the company Insiders own 10.36% of Orbotech Ltd. shares according to the proxy statements. Institutional Investors own 60.28% of Orbotech Ltd. shares.

Orbotech Ltd.( Orbotech) is engaged in the design, development, manufacture, marketing and service of yield-enhancing and production solutions for the supply chain of the electronics industry. The Companys products include automated optical inspection (AOI), automated optical repair (AOR), imaging and production systems used in the manufacture of printed circuit boards (PCBs) and other electronic components and AOI, test, repair and process monitoring systems used in the manufacture of flat panel displays (FPD). The Company also markets computer-aided manufacturing (CAM) and engineering solutions for PCB production. The Company operates in two segments: Production Solutions for the Electronics Industry and Recognition Software. In August 2014, the Company acquired SPTS Technologies Group Limited.