Camtek Ltd. (NASDAQ:CAMT) Receives Consensus Rating of “Buy” from Brokerages

Camtek Ltd. (NASDAQ:CAMT) has received an average recommendation of “Buy” from the ten analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $114.11.

A number of research firms have weighed in on CAMT. Northland Securities upped their target price on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price target on shares of Camtek in a research report on Thursday, February 13th. Cantor Fitzgerald started coverage on Camtek in a research report on Monday, January 13th. They issued a “neutral” rating and a $100.00 price target on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price target on shares of Camtek in a research report on Thursday, December 12th. Finally, StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th.

Institutional Investors Weigh In On Camtek

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Camtek by 10.2% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,670,000 shares of the semiconductor company’s stock worth $135,743,000 after purchasing an additional 154,548 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its stake in shares of Camtek by 81.8% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company’s stock worth $126,521,000 after purchasing an additional 705,000 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of Camtek by 311.8% in the 4th quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company’s stock worth $96,341,000 after purchasing an additional 903,126 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Camtek by 32.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company’s stock worth $91,711,000 after purchasing an additional 279,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Camtek by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company’s stock worth $80,028,000 after purchasing an additional 14,702 shares in the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Camtek Stock Down 4.7 %

Shares of NASDAQ:CAMT opened at $76.11 on Friday. Camtek has a 1 year low of $69.83 and a 1 year high of $140.50. The company has a market cap of $3.45 billion, a PE ratio of 31.45, a P/E/G ratio of 1.89 and a beta of 1.34. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. The stock’s 50-day moving average is $88.30 and its 200 day moving average is $83.77.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. Sell-side analysts anticipate that Camtek will post 2.93 EPS 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.