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

Shares of Camtek Ltd. (NASDAQ:CAMT) have received an average rating of “Buy” from the ten analysts that are presently covering the firm, MarketBeat Ratings 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 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $112.44.

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

Camtek Price Performance

Shares of Camtek stock opened at $94.54 on Wednesday. The firm has a market cap of $4.29 billion, a PE ratio of 43.57, a P/E/G ratio of 1.38 and a beta of 1.33. The business has a 50-day moving average price of $84.49 and a 200 day moving average price of $85.15. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38. Camtek has a twelve month low of $69.83 and a twelve month high of $140.50.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data 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 business had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $108.51 million. During the same period in the previous year, the business earned $0.46 earnings per share. The business’s revenue was up 39.5% compared to the same quarter last year. Sell-side analysts predict that Camtek will post 2.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camtek

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meitav Investment House Ltd. increased its holdings in shares of Camtek by 14.1% during the 3rd quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company’s stock worth $29,887,000 after buying an additional 46,016 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in 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 worth $121,734,000 after acquiring an additional 268,258 shares during the period. Squarepoint Ops LLC acquired a new stake in Camtek during the second quarter worth $1,423,000. Millennium Management LLC raised its position in 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 during the period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Camtek by 7.5% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock valued at $68,388,000 after purchasing an additional 60,088 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

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.