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Orbotech Ltd (ORBK.OQ)

ORBK.OQ on NASDAQ Stock Exchange Global Select Market

61.05USD
21 Sep 2018
Change (% chg)

$0.01 (+0.02%)
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$61.04
Open
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$60.96
Volume
54,174
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81,392
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$65.65
52-wk Low
$40.38

Latest Key Developments (Source: Significant Developments)

KLA-Tencor To Buy Orbotech In Cash-and-Stock Deal
Monday, 19 Mar 2018 08:00am EDT 

March 19 (Reuters) - Orbotech Ltd ::‍KLA-TENCOR ANNOUNCED $2 BILLION SHARE REPURCHASE AUTHORIZATION ​.KLA-TENCOR ANNOUNCES AGREEMENT TO ACQUIRE ORBOTECH LTD..DEAL FOR ‍APPROXIMATELY $69.02 PER SHARE.​DEAL FOR ‍ENTERPRISE VALUE OF $3.2 BILLION​.DEAL FOR ‍AN EQUITY VALUE OF APPROXIMATELY $3.4 BILLION.​‍KLA-TENCOR WILL BUY ORBOTECH FOR $38.86 IN CASH AND 0.25 OF SHARE OF KLA-TENCOR COMMON STOCK IN EXCHANGE FOR EACH ORDINARY SHARE OF ORBOTECH​.TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO KLA-TENCOR'S REVENUE GROWTH MODEL, NON-GAAP EARNINGS AND FREE CASH FLOW PER SHARE.KLA-TENCOR'S SHARE REPURCHASE PROGRAM TARGETED TO BE COMPLETED WITHIN 12 TO 18 MONTHS POST CLOSE OF TRANSACTION.TOTAL COST SYNERGIES ARE EXPECTED TO BE ABOUT $50 MILLION ON ANNUALIZED BASIS WITHIN 12 TO 24 MONTHS FOLLOWING CLOSING OF TRANSACTION.‍KLA-TENCOR INTENDS TO RAISE APPROXIMATELY $1 BILLION IN NEW LONG-TERM DEBT FINANCING TO COMPLETE SHARE REPURCHASE​.‍TRANSACTION APPROVED BY BOARD OF DIRECTORS OF KLA-TENCOR, ORBOTECH.KLA-TENCOR INTENDS TO FUND CASH PORTION OF PURCHASE PRICE WITH CASH FROM COMBINED COMPANY'S BALANCE SHEET.TRANSACTION IS NOT SUBJECT TO ANY FINANCING CONDITIONALITY.‍KLA-TENCOR'S $2 BILLION SHARE REPURCHASE PROGRAM IS TARGETED TO BE COMPLETED WITHIN 12 TO 18 MONTHS FOLLOWING CLOSE OF TRANSACTION​.NO APPROVAL BY KLA-TENCOR STOCKHOLDERS IS REQUIRED FOR DEAL.  Full Article

Clal Insurance Enterprises Holdings Ltd Reports 5.1 Pct Passive Stake In Orbotech Ltd
Monday, 5 Feb 2018 11:02am EST 

Feb 5 (Reuters) - Orbotech Ltd ::CLAL INSURANCE ENTERPRISES HOLDINGS LTD REPORTS 5.1 PERCENT PASSIVE STAKE IN ORBOTECH LTD AS OF JAN 25 - SEC FILING.  Full Article

Orbotech Announces Appointment Of New Chief Financial Officer
Thursday, 4 Jan 2018 06:00am EST 

Jan 4 (Reuters) - Orbotech Ltd ::ORBOTECH ANNOUNCES APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER.ORBOTECH LTD - BOARD HAS NAMED ALON ROZNER AS ORBOTECH'S NEW CORPORATE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, REPLACING RAN BAREKET.ORBOTECH LTD SAYS RAN BAREKET IS LEAVING COMPANY FOR PERSONAL REASONS.ORBOTECH LTD - BAREKET WILL REMAIN AVAILABLE TO COMPANY UNTIL FEBRUARY 28, 2018.  Full Article

Orbotech receives multi-million dollar order from Career Technology for pattern
Tuesday, 5 Dec 2017 06:00am EST 

Dec 5 (Reuters) - Orbotech Ltd ::ORBOTECH RECEIVES MULTI-MILLION DOLLAR ORDER FROM CAREER TECHNOLOGY FOR PATTERN AND SOLDER MASK DIRECT IMAGING SOLUTIONS FOR FLEXIBLE PCB PRODUCTION.ORBOTECH LTD - MULTI-MILLION DOLLAR ORDER FROM TAIPEI-BASED CAREER TECHNOLOGY (MFG.) CO., LTD. FOR ADVANCED ELECTRONIC DEVICES.  Full Article

Orbotech says ‍under 2020 financial model, revenues planned to exceed $1.25 bln​
Monday, 6 Nov 2017 09:05am EST 

Nov 6 (Reuters) - Orbotech Ltd :Orbotech Ltd - ‍Under 2020 financial model, revenues planned to exceed $1.25 billion by 2020, with gross margins of 50%, research and development investment of 12%-14%​.Orbotech Ltd - Under 2020 financial model,​ co targets ‍adjusted EBITDA margin of 27%-29% and non-GAAP net income margin of 21%-23%.  Full Article

Orbotech Q3 non-GAAP earnings per share $0.91
Wednesday, 1 Nov 2017 06:14am EDT 

Nov 1 (Reuters) - Orbotech Ltd :Orbotech reports third quarter 2017 results.Q3 non-GAAP earnings per share $0.91.Q3 GAAP earnings per share $0.75.Q3 revenue $245.7 million versus I/B/E/S view $234.2 million.Q3 earnings per share view $0.83 -- Thomson Reuters I/B/E/S.Sees Q4 2017 revenue $245 million to $255 million.Orbotech Ltd sees ‍Q4 gross margin of approximately 48.0% based on current expectations of product mix​.Q4 revenue view $235.3 million -- Thomson Reuters I/B/E/S.  Full Article

Orbotech enters multi-million-dollar deal with Unimicron Germany
Monday, 28 Aug 2017 06:00am EDT 

Aug 28 (Reuters) - Orbotech Ltd :Orbotech Ltd - ‍Orbotech announces multi-million-dollar deal with Unimicron Germany for automotive, renewable energy and industrial manufacturing​.  Full Article

Orbotech wins $40 mln orders from China's CEC Panda
Tuesday, 8 Aug 2017 06:00am EDT 

Aug 8 (Reuters) - Orbotech Ltd :Orbotech wins $40m orders from China's CEC Panda for new gen 8.6 lcd fab.Orbotech - ‍has received orders totaling about $40 million from CEC Panda lcd technology for phase one of cec panda's new gen 8.6 fab in chengdu, china​.Orbotech Ltd - CEC Panda has indicated that it expects to reach a maximum capacity of 60,000 glasses per month in phase one of mass production​.Orbotech Ltd - ‍deliveries from order expected to begin during Q3 of 2017​.  Full Article

Orbotech reports Q2 EPS $0.51
Wednesday, 2 Aug 2017 06:00am EDT 

Aug 2 (Reuters) - Orbotech Ltd :Orbotech reports second quarter 2017 results.Q2 non-GAAP earnings per share $0.67.Q2 GAAP earnings per share $0.51.Q2 revenue $210.7 million versus I/B/E/S view $205.6 million.Q2 earnings per share view $0.59 -- Thomson Reuters I/B/E/S.Expects revenues for second half of 2017 to be in range of $460 million to $480 million.Sees 2017 H2 revenue range $460 million to $480 million, split about evenly between third and fourth quarters of 2017.Expects gross margin for second half of 2017 to be in range of 47.0 pct - 47.5 pct.  Full Article

Orbotech Ltd updates on Israel Tax Authority investigation
Monday, 22 May 2017 09:54am EDT 

May 22 (Reuters) - Orbotech Ltd :Orbotech Ltd - Israel Tax Authority conducted an investigation that involved document collection at co’s headquarters in Israel and at office of co’s tax consultant.Orbotech Ltd - several of co’s employees, including officers, are being questioned, as are tax consultants from co’s independent registered accounting firm.Orbotech Ltd - the criminal investigation relates to tax positions taken by the company in the audit period as well as in prior periods.Orbotech Ltd says it is co-operating with the Israel Tax Authority - sec filing.Orbotech Ltd - On May 21, co received tax assessment from ita with respect to fiscal 2012-2014t period, which challenges co’s positions on several issues.  Full Article

BRIEF-KLA-Tencor Says German Federal Cartel Office Provided Antitrust Clearance For Proposed Merger With Orbotech

* KLA-TENCOR - ON MAY 9, 2018, GERMAN FEDERAL CARTEL OFFICE PROVIDED ANTITRUST CLEARANCE FOR PROPOSED MERGER WITH ORBOTECH - SEC FILING Source text: (https://bit.ly/2KRZtwK) Further company coverage: