Camtek Ltd. (NASDAQ:CAMT) Given Average Rating of “Buy” by Analysts

Camtek Ltd. (NASDAQ:CAMTGet Free Report) has earned an average recommendation of “Buy” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $88.56.

A number of research analysts have commented on the company. Wall Street Zen raised Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. Bank of America reduced their target price on Camtek from $105.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Barclays dropped their price target on Camtek from $120.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Needham & Company LLC cut their price target on shares of Camtek from $110.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, May 14th. Finally, Evercore ISI reduced their price objective on shares of Camtek from $100.00 to $82.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 14th.

Get Our Latest Stock Report on CAMT

Institutional Investors Weigh In On Camtek

Several hedge funds have recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd grew its stake in Camtek by 27.8% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,134,671 shares of the semiconductor company’s stock worth $123,622,000 after purchasing an additional 464,671 shares during the period. Menora Mivtachim Holdings LTD. boosted its holdings in shares of Camtek by 81.8% during the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company’s stock valued at $126,521,000 after buying an additional 705,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Camtek by 27.6% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,448,441 shares of the semiconductor company’s stock worth $84,922,000 after buying an additional 312,988 shares during the period. Wasatch Advisors LP grew its position in shares of Camtek by 311.8% in the 4th quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company’s stock worth $96,341,000 after buying an additional 903,126 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Camtek by 110.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,015,307 shares of the semiconductor company’s stock worth $59,527,000 after acquiring an additional 532,944 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors.

Camtek Trading Up 0.4%

Shares of CAMT opened at $84.46 on Friday. The stock has a market capitalization of $3.85 billion, a P/E ratio of 32.36, a PEG ratio of 2.28 and a beta of 1.29. Camtek has a twelve month low of $47.41 and a twelve month high of $140.50. The company has a quick ratio of 4.27, a current ratio of 5.28 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $69.76 and a two-hundred day simple moving average of $74.54.

Camtek (NASDAQ:CAMTGet Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. The firm had revenue of $118.64 million during the quarter, compared to the consensus estimate of $119.00 million. Camtek had a net margin of 28.40% and a return on equity of 24.57%. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 earnings per share. On average, research analysts anticipate that Camtek will post 2.93 EPS for the current year.

Camtek Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Camtek (NASDAQ:CAMT)

Receive News & Ratings for Camtek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camtek and related companies with MarketBeat.com's FREE daily email newsletter.