Camtek Ltd. (NASDAQ:CAMT) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Camtek Ltd. (NASDAQ:CAMT) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $98.63.

A number of equities research analysts recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $110.00 price target (up previously from $102.00) on shares of Camtek in a research note on Friday, May 10th. Jefferies Financial Group assumed coverage on shares of Camtek in a research note on Monday, May 13th. They issued a “buy” rating and a $120.00 price target on the stock. Bank of America boosted their price objective on Camtek from $98.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Evercore ISI began coverage on shares of Camtek in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 target price for the company. Finally, Barclays increased their price target on Camtek from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, May 10th.

Camtek Stock Up 6.6 %

Camtek stock opened at $121.06 on Tuesday. Camtek has a twelve month low of $31.49 and a twelve month high of $121.66. The business has a fifty day moving average of $93.86 and a two-hundred day moving average of $82.04. The firm has a market cap of $5.44 billion, a P/E ratio of 68.40, a P/E/G ratio of 2.44 and a beta of 1.36. The company has a quick ratio of 3.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.44.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. The firm had revenue of $97.01 million during the quarter, compared to analysts’ expectations of $93.75 million. Camtek had a return on equity of 20.94% and a net margin of 25.35%. On average, analysts forecast that Camtek will post 2.35 earnings per share for the current fiscal year.

Camtek Announces Dividend

The business also recently disclosed a Variable dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were given a dividend of $1.33 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. Camtek’s dividend payout ratio is presently 75.14%.

Hedge Funds Weigh In On Camtek

A number of institutional investors and hedge funds have recently modified their holdings of CAMT. Vanguard Group Inc. lifted its position in shares of Camtek by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 937,408 shares of the semiconductor company’s stock worth $58,363,000 after buying an additional 33,820 shares during the last quarter. Natixis Advisors L.P. purchased a new position in shares of Camtek during the fourth quarter worth about $1,099,000. Axiom Investors LLC DE increased its position in shares of Camtek by 288.5% during the fourth quarter. Axiom Investors LLC DE now owns 90,310 shares of the semiconductor company’s stock worth $6,266,000 after purchasing an additional 67,067 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Camtek by 5.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 171,810 shares of the semiconductor company’s stock valued at $11,920,000 after purchasing an additional 8,368 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Camtek in the 4th quarter valued at about $10,704,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Company Profile

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.