Camtek Ltd. (NASDAQ:CAMT) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Camtek Ltd. (NASDAQ:CAMT) have earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $166.75.

Several brokerages have weighed in on CAMT. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $120.00 price target on shares of Camtek in a research report on Tuesday, December 16th. Northland Securities cut Camtek from an “outperform” rating to a “market perform” rating and set a $150.00 price objective for the company. in a report on Wednesday, February 18th. Zacks Research upgraded Camtek from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Evercore reaffirmed an “outperform” rating and set a $190.00 target price on shares of Camtek in a report on Wednesday, February 18th. Finally, Stifel Nicolaus lifted their price target on Camtek from $120.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th.

Camtek Price Performance

CAMT stock opened at $153.33 on Monday. The firm’s fifty day simple moving average is $155.93 and its 200-day simple moving average is $127.72. The company has a market capitalization of $7.03 billion, a P/E ratio of 163.12, a price-to-earnings-growth ratio of 3.61 and a beta of 1.53. The company has a debt-to-equity ratio of 0.84, a current ratio of 8.35 and a quick ratio of 7.31. Camtek has a 12 month low of $47.41 and a 12 month high of $180.83.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). The business had revenue of $128.12 million during the quarter, compared to analyst estimates of $127.10 million. Camtek had a return on equity of 23.61% and a net margin of 10.23%.The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 EPS. As a group, equities research analysts forecast that Camtek will post 2.93 earnings per share for the current year.

Institutional Investors Weigh In On Camtek

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lifestyle Asset Management Inc. increased its holdings in shares of Camtek by 2.5% during the 4th quarter. Lifestyle Asset Management Inc. now owns 4,764 shares of the semiconductor company’s stock valued at $507,000 after purchasing an additional 115 shares in the last quarter. Blue Trust Inc. boosted its holdings in Camtek by 2.8% during the third quarter. Blue Trust Inc. now owns 5,877 shares of the semiconductor company’s stock worth $617,000 after buying an additional 161 shares in the last quarter. Geode Capital Management LLC grew its position in Camtek by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 39,576 shares of the semiconductor company’s stock valued at $4,209,000 after buying an additional 162 shares during the period. Advisors Asset Management Inc. grew its position in Camtek by 23.8% during the second quarter. Advisors Asset Management Inc. now owns 952 shares of the semiconductor company’s stock valued at $81,000 after buying an additional 183 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in Camtek by 202.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

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.