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

Camtek Ltd. (NASDAQ:CAMT) has received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $123.00.

Several research analysts have issued reports on CAMT shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Camtek in a report on Monday. Bank of America raised Camtek from a “neutral” rating to a “buy” rating and increased their target price for the company from $95.00 to $135.00 in a research report on Monday, October 13th. The Goldman Sachs Group assumed coverage on Camtek in a research report on Monday. They issued a “neutral” rating and a $123.00 price target for the company. Northland Securities set a $140.00 price objective on Camtek in a research report on Tuesday, October 7th. Finally, Evercore ISI boosted their target price on shares of Camtek from $100.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th.

Camtek Stock Up 2.3%

Shares of NASDAQ CAMT opened at $104.04 on Friday. Camtek has a 52-week low of $47.41 and a 52-week high of $129.41. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 115.60, a PEG ratio of 2.26 and a beta of 1.57. The stock has a 50 day moving average price of $112.47 and a 200 day moving average price of $97.01. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.52 and a current ratio of 7.58.

Institutional Investors Weigh In On Camtek

Institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP grew its holdings in Camtek by 14.7% in the third quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock worth $422,373,000 after purchasing an additional 513,956 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Camtek by 0.4% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,142,171 shares of the semiconductor company’s stock worth $182,976,000 after purchasing an additional 7,500 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its stake in Camtek by 31.1% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock worth $220,537,000 after buying an additional 497,918 shares during the last quarter. Brown Capital Management LLC increased its position in Camtek by 1.2% during the 3rd quarter. Brown Capital Management LLC now owns 1,153,943 shares of the semiconductor company’s stock valued at $121,222,000 after buying an additional 13,806 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Camtek by 1.5% in the third quarter. Vanguard Group Inc. now owns 1,079,022 shares of the semiconductor company’s stock valued at $113,454,000 after buying an additional 15,432 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.