Camtek Ltd. (NASDAQ:CAMT) Receives Average Rating of “Buy” from Analysts

Camtek Ltd. (NASDAQ:CAMT) has earned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $110.57.

A number of analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $95.00 target price on shares of Camtek in a report on Wednesday. B. Riley dropped their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. StockNews.com lowered shares of Camtek from a “hold” rating to a “sell” rating in a research report on Tuesday. Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Northland Securities upped their price target on shares of Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday.

Institutional Investors Weigh In On Camtek

Hedge funds have recently bought and sold shares of the business. Y.D. More Investments Ltd raised its stake in shares of Camtek by 723.7% in the second quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock valued at $78,709,000 after acquiring an additional 550,854 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Camtek by 3,005.3% in the third quarter. The Manufacturers Life Insurance Company now owns 330,716 shares of the semiconductor company’s stock valued at $26,408,000 after acquiring an additional 320,066 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Camtek by 21.5% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock valued at $121,734,000 after acquiring an additional 268,258 shares during the period. Fred Alger Management LLC raised its stake in shares of Camtek by 224.8% in the third quarter. Fred Alger Management LLC now owns 217,474 shares of the semiconductor company’s stock valued at $17,365,000 after acquiring an additional 150,513 shares during the period. Finally, abrdn plc purchased a new stake in shares of Camtek in the third quarter valued at $11,387,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Stock Down 1.5 %

CAMT opened at $78.72 on Friday. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average price of $79.43 and a 200-day moving average price of $95.64. Camtek has a twelve month low of $59.33 and a twelve month high of $140.50. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 1.70 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.84%. The business had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $108.51 million. During the same period in the prior year, the company earned $0.46 earnings per share. The firm’s revenue was up 39.5% on a year-over-year basis. Equities research analysts forecast that Camtek will post 2.45 earnings per share for the current year.

About Camtek

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.