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

Shares of Camtek Ltd. (NASDAQ:CAMT) have earned an average recommendation of “Buy” from the ten research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $114.11.

A number of brokerages have commented on CAMT. Northland Securities upped their price target on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Cantor Fitzgerald began coverage on Camtek in a research report on Monday, January 13th. They issued a “neutral” rating and a $100.00 price target for the company. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Barclays cut their target price on Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Camtek in a research report on Thursday, February 13th.

Camtek Stock Up 3.0 %

Camtek stock opened at $64.67 on Thursday. The stock has a market cap of $2.93 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. Camtek has a one year low of $62.13 and a one year high of $140.50. The stock has a fifty day moving average of $83.77 and a 200 day moving average of $80.70.

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

Hedge Funds Weigh In On Camtek

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd boosted its stake in Camtek by 21.5% during 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 buying an additional 268,258 shares during the last quarter. Blueshift Asset Management LLC bought a new position in Camtek during the third quarter valued at approximately $624,000. Point72 Hong Kong Ltd boosted its stake in Camtek by 193,738.7% during the third quarter. Point72 Hong Kong Ltd now owns 60,090 shares of the semiconductor company’s stock valued at $4,798,000 after buying an additional 60,059 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Camtek by 16.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 486,606 shares of the semiconductor company’s stock valued at $38,855,000 after buying an additional 67,250 shares during the last quarter. Finally, Centiva Capital LP bought a new stake in shares of Camtek in the 3rd quarter valued at approximately $705,000. 41.93% of the stock is owned by institutional investors.

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.