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

Camtek Ltd. (NASDAQ:CAMT) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $174.3333.

Several research firms have weighed in on CAMT. Stifel Nicolaus reiterated a “hold” rating and issued a $185.00 price objective on shares of Camtek in a research note on Friday, April 17th. B. Riley Financial reiterated a “buy” rating on shares of Camtek in a research note on Monday, April 20th. Oppenheimer upped their price objective on shares of Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Northland Securities set a $174.00 price objective on shares of Camtek in a research note on Wednesday, May 13th. Finally, Morgan Stanley upped their price objective on shares of Camtek from $161.00 to $163.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CAMT. Wasatch Advisors LP increased its stake in shares of Camtek by 14.7% during the 3rd 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. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Camtek by 38.2% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,302,009 shares of the semiconductor company’s stock worth $349,008,000 after purchasing an additional 636,773 shares during the last quarter. Menora Mivtachim Holdings LTD. increased its stake in shares of 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 purchasing an additional 497,918 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Camtek by 12.0% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock worth $140,205,000 after purchasing an additional 140,796 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Camtek by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock worth $116,615,000 after purchasing an additional 7,220 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Stock Up 5.0%

Shares of NASDAQ:CAMT opened at $193.27 on Friday. 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 company has a market cap of $8.86 billion, a PE ratio of 222.15, a price-to-earnings-growth ratio of 4.42 and a beta of 1.54. Camtek has a 52 week low of $70.07 and a 52 week high of $215.99. The firm has a 50 day simple moving average of $177.22 and a 200 day simple moving average of $152.17.

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

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.