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

Camtek Ltd. (NASDAQ:CAMT) has received an average rating of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have issued a report on the stock in the last year is $74.75.

CAMT has been the subject of several analyst reports. B. Riley restated a “buy” rating and issued a $102.00 price objective on shares of Camtek in a research note on Tuesday, March 26th. Barclays lifted their price objective on Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Finally, Evercore ISI started coverage on shares of Camtek in a research note on Tuesday, April 16th. They set an “outperform” rating and a $100.00 target price on the stock.

Camtek Stock Up 4.2 %

Camtek stock opened at $82.16 on Monday. The stock has a market cap of $3.69 billion, a PE ratio of 50.72, a price-to-earnings-growth ratio of 2.82 and a beta of 1.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 4.77 and a current ratio of 5.66. The stock has a fifty day moving average of $80.49 and a 200 day moving average of $71.70. Camtek has a one year low of $25.38 and a one year high of $90.54.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.04. The firm had revenue of $88.70 million for the quarter, compared to analysts’ expectations of $88.02 million. Camtek had a net margin of 24.93% and a return on equity of 18.92%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 EPS. As a group, sell-side analysts predict that Camtek will post 2.12 EPS for the current year.

Camtek Dividend Announcement

The business also recently disclosed a Variable dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were given a dividend of $1.33 per share. The ex-dividend date was Wednesday, April 3rd. Camtek’s payout ratio is currently 82.10%.

Hedge Funds Weigh In On Camtek

A number of hedge funds and other institutional investors have recently modified their holdings of CAMT. Vanguard Group Inc. lifted its position in shares of Camtek by 3.7% in the third quarter. Vanguard Group Inc. now owns 937,408 shares of the semiconductor company’s stock worth $58,363,000 after buying an additional 33,820 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Camtek during the 3rd quarter worth approximately $434,000. Lazard Asset Management LLC purchased a new position in shares of Camtek in the third quarter valued at $11,483,000. Westfield Capital Management Co. LP purchased a new position in shares of Camtek in the third quarter valued at $12,093,000. Finally, Polar Capital Holdings Plc bought a new stake in Camtek in the third quarter worth $4,355,000. Institutional investors own 41.93% of the company’s stock.

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.