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

Camtek Ltd. (NASDAQ:CAMT) has received a consensus recommendation of “Buy” from the ten research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $90.78.

Several analysts have recently commented on the company. Bank of America reduced their price target on Camtek from $105.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. B. Riley raised their price target on Camtek from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Wall Street Zen raised Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. Needham & Company LLC dropped their price target on Camtek from $110.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, May 14th. Finally, Northland Securities set a $105.00 price target on Camtek in a research report on Wednesday, May 14th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CAMT. Huntington National Bank increased its stake in Camtek by 42.4% in the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 123 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Camtek by 3.3% during the fourth quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company’s stock worth $427,000 after purchasing an additional 171 shares during the period. Advisors Asset Management Inc. boosted its holdings in Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 293 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Camtek by 364.0% in the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 324 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Camtek by 9.0% in the first quarter. Blue Trust Inc. now owns 4,237 shares of the semiconductor company’s stock valued at $248,000 after buying an additional 351 shares in the last quarter. 41.93% of the stock is owned by institutional investors.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $66.81 on Tuesday. Camtek has a 1-year low of $47.41 and a 1-year high of $140.50. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 27.61, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. 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 $63.11 and its two-hundred day moving average is $74.35.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $118.64 million for the quarter, compared to the consensus estimate of $119.00 million. Camtek had a return on equity of 24.99% and a net margin of 27.61%. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.63 EPS. Analysts forecast that Camtek will post 2.93 EPS for the current fiscal 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.