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

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

CAMT has been the subject of a number of analyst reports. Northland Securities boosted their price target on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Barclays dropped their price target on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price objective on shares of Camtek in a research report on Thursday, December 12th. Finally, Needham & Company LLC reissued a “buy” rating and set a $110.00 target price on shares of Camtek in a research note on Thursday, February 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its stake in Camtek by 78.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after buying an additional 145 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Camtek by 364.0% in the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 324 shares during the last quarter. Huntington National Bank increased its position in shares of Camtek by 42.4% during the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Camtek in the 3rd quarter valued at $53,000. Finally, State of Wyoming lifted its holdings in Camtek by 146.2% in the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 1,200 shares in the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Trading Down 0.4 %

Shares of Camtek stock opened at $74.52 on Friday. Camtek has a 1 year low of $69.83 and a 1 year high of $140.50. 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 has a market cap of $3.38 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 1.89 and a beta of 1.34. The firm has a fifty day moving average price of $87.91 and a 200 day moving average price of $83.35.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share 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%. Equities research analysts predict that Camtek will post 2.93 earnings per share 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.