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

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

CAMT has been the topic of a number of recent analyst reports. Northland Securities upped their price target on shares of Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Needham & Company LLC reissued a “buy” rating and set a $95.00 price objective on shares of Camtek in a report on Wednesday, November 13th. Finally, StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th.

Hedge Funds Weigh In On Camtek

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ellsworth Advisors LLC lifted its stake in shares of Camtek by 3.4% in the 2nd quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company’s stock valued at $926,000 after purchasing an additional 245 shares during the period. Blue Trust Inc. raised its holdings in Camtek by 4.1% in the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock worth $341,000 after purchasing an additional 108 shares during the period. Petra Financial Advisors Inc. boosted its position in Camtek by 1.5% during the second quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company’s stock worth $1,038,000 after purchasing an additional 120 shares in the last quarter. Zweig DiMenna Associates LLC increased its position in shares of Camtek by 18.0% in the second quarter. Zweig DiMenna Associates LLC now owns 196,750 shares of the semiconductor company’s stock valued at $24,641,000 after buying an additional 30,050 shares in the last quarter. Finally, EFG Asset Management North America Corp. acquired a new position in shares of Camtek during the 2nd quarter worth approximately $1,431,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Stock Performance

Shares of CAMT opened at $78.30 on Tuesday. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. The firm has a market cap of $3.55 billion, a PE ratio of 36.08, a P/E/G ratio of 1.32 and a beta of 1.35. Camtek has a 12 month low of $60.90 and a 12 month high of $140.50. The stock has a fifty day moving average price of $78.15 and a 200-day moving average price of $93.56.

Camtek (NASDAQ:CAMT) last released its quarterly 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 return on equity of 24.21% and a net margin of 26.53%. The company had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $108.51 million. During the same period last year, the business posted $0.46 earnings per share. The firm’s revenue was up 39.5% compared to the same quarter last year. Equities research analysts predict that Camtek will post 2.53 earnings per share for the current fiscal 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.