Orbotech_ a stock price case study (orbk) _ investopedia price of bitcoin

In the wake of the NASDAQ composite’s 2015 run above its march 10, 2000, record-high close at 5,048.62, investors are on the hunt for tech sector stocks showing potential to fetch prices at their dotcom-era level. One popular candidate is orbotech ltd. (NASDAQ: ORBK), an israel-based company producing test equipment for printed circuits and flat panel displays. The company’s expansion from its dotcom-era business model brings opportunities for earnings growth and strong stock price advances, such as its 2.91% surge on feb. 25, 2016. Orbotech asserts that virtually every electronic device today is produced using orbotech technology.

Orbotech’s orbograph subsidiary provides check recognition services and OCR recognition software for the check-processing and forms-processing markets.

Orbotech’s SPTS technologies unit designs, manufactures, sells and supports etch, PVD and CVD capital equipment, providing advanced wafer-processing technologies for the semiconductor and microelectronics industry.The price of bitcoin frontline P.C.B. Solutions ltd., orbotech’s joint venture with mentor graphics corporation, provides bare, printed circuit board pre-production CAM and engineering software solutions. Orbotech LT solar LLC, orbotech’s joint venture with LT solar, develops products for the application of anti-reflective coating on crystalline silicon photovoltaic wafers for solar energy panels.

While orbotech’s march 9, 2000, closing price of $74 per share, after an intraday high of $77.29, might seem light years away from its feb. 25, 2016, close at $22.31, the company’s history and fundamentals explain why a 2016 share price above $50 is not an unreasonable expectation. Riding the tech sector surge

Orbotech’s home in israel helps explain its stock price advance from $5.28 per share on sept. 30, 1996, to its march 9, 2000, record high of $77.29.The price of bitcoin israel’s tax breaks and incentive programs for companies involved in research and development (R&D), such as the yozma program, beginning in 1993, support the nation’s status as a haven for innovative and hi-tech companies.

The company’s manic stock price run-up from $10.22 on oct. 9, 1998, to its $77.29 record high on march 9, 2000, provides an example of the dotcom era’s irrational exuberance concerning technology sector stocks. Inexperienced investors, accustomed to buying stocks with enormous price/earnings (P/E) ratios above 100, would heartily embrace a company such as orbotech, with a functioning business model and a product line, unlike many of the dotcom high-fliers.

Orbotech’s sales growth exceeded 20% per year for several years until december 2001. During that year, orbotech’s share price fell from $51.31 on jan. 30, 2001, to $17.85 on sept. 21, 2001.The price of bitcoin

Ultimately, the 2008 financial crisis and ensuing stock market rout sent orbotech’s share price to an intraday low of $2.90 on oct. 28, 2008. Strength through expansion

Orbotech’s current strength results, in part, from a number of patents issued to the company for multiple-laser beam, micromachining systems. Its 2014 acquisition of SPTS technologies further expands orbotech’s footprint in the semiconductor sector, supplying manufacturers with wafer and integrated circuit production equipment.

Orbotech’s six-month share price performance chart shows the stock advancing from a double bottom on jan. 15. 2016, and feb. 9, 2016, followed by a surge of buying activity on feb. 10, 2016, as it rises further above its 50-day moving average. The moving average convergence divergence (MACD) is climbing further above the signal line and the zero line.The price of bitcoin its relative strength index (RSI) is approaching the overbought threshold of 70.

Orbotech’s recent stock price advance has its market capitalization approaching $950 million. It has a forward P/E ratio of 8.03. The company has a price-to-sales ratio of 1.2 compared to the industry average of 1.7. Recent earnings and guidance

The fourth-quarter 2015 earnings report for orbotech indicates non-GAAP, diluted earnings of 54 cents per share on revenue of $188.2 million, compared with analysts’ estimates of 51 cents per share on revenue of $188.1 million, with gross margin of 45.0%. The company expects revenues for the first quarter of 2016 to be in the $184 million to $192 million range, with gross margin of approximately 45%.

NASDAQ reports no negative or neutral analyst ratings for orbotech, with five strong buy recommendations and one buy recommendation.The price of bitcoin analysts give this stock a mean target of $29.50 per share and a high target of $35.

In the wake of the NASDAQ composite’s 2015 run above its march 10, 2000, record-high close at 5,048.62, investors are on the hunt for tech sector stocks showing potential to fetch prices at their dotcom-era level. One popular candidate is orbotech ltd. (NASDAQ: ORBK), an israel-based company producing test equipment for printed circuits and flat panel displays. The company’s expansion from its dotcom-era business model brings opportunities for earnings growth and strong stock price advances, such as its 2.91% surge on feb. 25, 2016. Orbotech asserts that virtually every electronic device today is produced using orbotech technology.

Orbotech’s orbograph subsidiary provides check recognition services and OCR recognition software for the check-processing and forms-processing markets.The price of bitcoin orbotech’s SPTS technologies unit designs, manufactures, sells and supports etch, PVD and CVD capital equipment, providing advanced wafer-processing technologies for the semiconductor and microelectronics industry. Frontline P.C.B. Solutions ltd., orbotech’s joint venture with mentor graphics corporation, provides bare, printed circuit board pre-production CAM and engineering software solutions. Orbotech LT solar LLC, orbotech’s joint venture with LT solar, develops products for the application of anti-reflective coating on crystalline silicon photovoltaic wafers for solar energy panels.

While orbotech’s march 9, 2000, closing price of $74 per share, after an intraday high of $77.29, might seem light years away from its feb. 25, 2016, close at $22.31, the company’s history and fundamentals explain why a 2016 share price above $50 is not an unreasonable expectation.The price of bitcoin riding the tech sector surge

Orbotech’s home in israel helps explain its stock price advance from $5.28 per share on sept. 30, 1996, to its march 9, 2000, record high of $77.29. Israel’s tax breaks and incentive programs for companies involved in research and development (R&D), such as the yozma program, beginning in 1993, support the nation’s status as a haven for innovative and hi-tech companies.

The company’s manic stock price run-up from $10.22 on oct. 9, 1998, to its $77.29 record high on march 9, 2000, provides an example of the dotcom era’s irrational exuberance concerning technology sector stocks. Inexperienced investors, accustomed to buying stocks with enormous price/earnings (P/E) ratios above 100, would heartily embrace a company such as orbotech, with a functioning business model and a product line, unlike many of the dotcom high-fliers.The price of bitcoin

Orbotech’s sales growth exceeded 20% per year for several years until december 2001. During that year, orbotech’s share price fell from $51.31 on jan. 30, 2001, to $17.85 on sept. 21, 2001.

Ultimately, the 2008 financial crisis and ensuing stock market rout sent orbotech’s share price to an intraday low of $2.90 on oct. 28, 2008. Strength through expansion

Orbotech’s current strength results, in part, from a number of patents issued to the company for multiple-laser beam, micromachining systems. Its 2014 acquisition of SPTS technologies further expands orbotech’s footprint in the semiconductor sector, supplying manufacturers with wafer and integrated circuit production equipment.

Orbotech’s six-month share price performance chart shows the stock advancing from a double bottom on jan. 15. 2016, and feb. 9, 2016, followed by a surge of buying activity on feb. 10, 2016, as it rises further above its 50-day moving average.The price of bitcoin the moving average convergence divergence (MACD) is climbing further above the signal line and the zero line. Its relative strength index (RSI) is approaching the overbought threshold of 70.

Orbotech’s recent stock price advance has its market capitalization approaching $950 million. It has a forward P/E ratio of 8.03. The company has a price-to-sales ratio of 1.2 compared to the industry average of 1.7. Recent earnings and guidance

The fourth-quarter 2015 earnings report for orbotech indicates non-GAAP, diluted earnings of 54 cents per share on revenue of $188.2 million, compared with analysts’ estimates of 51 cents per share on revenue of $188.1 million, with gross margin of 45.0%. The company expects revenues for the first quarter of 2016 to be in the $184 million to $192 million range, with gross margin of approximately 45%.The price of bitcoin

NASDAQ reports no negative or neutral analyst ratings for orbotech, with five strong buy recommendations and one buy recommendation. Analysts give this stock a mean target of $29.50 per share and a high target of $35.