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

Shares of Camtek Ltd. (NASDAQ:CAMT) have been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $123.00.

A number of equities analysts recently commented on the company. Jefferies Financial Group lifted their price objective on Camtek from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Evercore ISI boosted their price target on shares of Camtek from $100.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Northland Securities set a $140.00 price objective on shares of Camtek in a research note on Tuesday, October 7th. Bank of America upgraded shares of Camtek from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $95.00 to $135.00 in a research report on Monday, October 13th. Finally, Morgan Stanley began coverage on shares of Camtek in a research note on Monday, December 1st. They set an “equal weight” rating and a $110.00 target price for the company.

Institutional Investors Weigh In On Camtek

Several large investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP increased 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 in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake 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 valued at $182,976,000 after acquiring an additional 7,500 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its stake in shares of Camtek by 31.1% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock valued at $220,537,000 after acquiring an additional 497,918 shares in the last quarter. Brown Capital Management LLC lifted its position in shares of 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 acquiring an additional 13,806 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Camtek by 1.5% during the third quarter. Vanguard Group Inc. now owns 1,079,022 shares of the semiconductor company’s stock worth $113,454,000 after acquiring an additional 15,432 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Stock Down 0.1%

Shares of NASDAQ:CAMT opened at $109.05 on Friday. The firm has a market cap of $4.97 billion, a P/E ratio of 121.17, a P/E/G ratio of 2.42 and a beta of 1.57. The company has a quick ratio of 6.52, a current ratio of 7.58 and a debt-to-equity ratio of 0.90. Camtek has a 12-month low of $47.41 and a 12-month high of $129.41. The business has a fifty day simple moving average of $111.30 and a 200 day simple moving average of $98.33.

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.