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

Shares of Camtek Ltd. (NASDAQ:CAMT) have earned an average rating of “Buy” from the ten brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, eight have issued 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 $112.44.

A number of brokerages have weighed in on CAMT. Needham & Company LLC reaffirmed a “buy” rating and issued a $95.00 target price on shares of Camtek in a research note on Wednesday, November 13th. Cantor Fitzgerald assumed coverage on Camtek in a research report on Monday, January 13th. They issued a “neutral” rating and a $100.00 price objective on the stock. Stifel Nicolaus restated a “buy” rating and set a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th. Northland Securities upped their price target on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Barclays lowered their price objective on Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, January 17th.

Camtek Stock Up 1.0 %

Shares of CAMT opened at $86.35 on Wednesday. The business’s 50 day simple moving average is $83.53 and its 200-day simple moving average is $85.86. Camtek has a one year low of $69.83 and a one year high of $140.50. The company has a market capitalization of $3.92 billion, a P/E ratio of 39.79, a PEG ratio of 1.66 and a beta of 1.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $108.51 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The business’s revenue for the quarter was up 39.5% on a year-over-year basis. As a group, sell-side analysts predict that Camtek will post 2.53 EPS for the current fiscal year.

Institutional Trading of Camtek

A number of large investors have recently bought and sold shares of CAMT. Meitav Investment House Ltd. boosted its holdings in shares of Camtek by 14.1% in the third quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company’s stock valued at $29,887,000 after buying an additional 46,016 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its holdings in Camtek by 21.5% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock worth $121,734,000 after purchasing an additional 268,258 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Camtek in the 2nd quarter valued at about $1,423,000. Millennium Management LLC lifted its holdings in shares of Camtek by 34.0% in the second quarter. Millennium Management LLC now owns 217,617 shares of the semiconductor company’s stock valued at $27,254,000 after purchasing an additional 55,234 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Camtek by 7.5% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock worth $68,388,000 after buying an additional 60,088 shares during the period. 41.93% of the stock is owned by institutional investors.

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.