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

Camtek Ltd. (NASDAQ:CAMT) has received an average recommendation of “Buy” from the ten brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $112.44.

CAMT has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $95.00 price target on shares of Camtek in a report on Wednesday, November 13th. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Stifel Nicolaus restated a “buy” rating and issued a $105.00 target price on shares of Camtek in a research note on Thursday, December 12th. Barclays decreased their price target on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Northland Securities increased their target price on shares of Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 145 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Camtek in the third quarter valued at approximately $53,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Camtek by 23,300.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 466 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Camtek in the 4th quarter valued at $209,000. Finally, Gateway Wealth Partners LLC acquired a new stake in Camtek during the 2nd quarter valued at $220,000. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Stock Performance

Shares of Camtek stock opened at $88.20 on Wednesday. The stock’s fifty day simple moving average is $85.18 and its 200 day simple moving average is $84.85. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $4.00 billion, a PE ratio of 40.65, a PEG ratio of 1.48 and a beta of 1.34. Camtek has a 12 month low of $69.83 and a 12 month high of $140.50.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The company had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. During the same quarter last year, the firm posted $0.46 earnings per share. Camtek’s revenue was up 39.5% compared to the same quarter last year. On average, research analysts predict that Camtek will post 2.53 EPS for the current year.

Camtek Company Profile

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.