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

Shares of Camtek Ltd. (NASDAQ:CAMT) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $174.6667.

Several brokerages recently issued reports on CAMT. Northland Securities set a $174.00 price objective on shares of Camtek in a report on Wednesday, May 13th. Wall Street Zen raised shares of Camtek from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Jefferies Financial Group lifted their price target on shares of Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Evercore restated an “outperform” rating and issued a $200.00 price objective on shares of Camtek in a report on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 14th.

Camtek Trading Down 6.0%

Shares of Camtek stock opened at $133.26 on Wednesday. The stock has a 50 day moving average of $173.81 and a 200 day moving average of $159.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.46 and a current ratio of 8.35. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 153.17, a PEG ratio of 3.41 and a beta of 1.55. Camtek has a fifty-two week low of $75.75 and a fifty-two week high of $215.99.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The business had revenue of $121.66 million for the quarter, compared to analyst estimates of $120.15 million. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 EPS. As a group, research analysts predict that Camtek will post 3.14 earnings per share for the current year.

Institutional Investors Weigh In On Camtek

Institutional investors have recently modified their holdings of the company. Daiwa Securities Group Inc. raised its holdings in shares of Camtek by 202.0% in the 4th 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 during the period. Advisory Services Network LLC purchased a new stake in Camtek during the 3rd quarter worth about $32,000. Fifth Third Bancorp purchased a new stake in Camtek during the 1st quarter worth about $42,000. EverSource Wealth Advisors LLC raised its position in Camtek by 46.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 95 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of 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 buying an additional 293 shares during the period. 41.93% of the stock is owned by institutional investors and hedge funds.

About Camtek

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.