Brokerages Set Camtek Ltd. (NASDAQ:CAMT) PT at $165.92

Camtek Ltd. (NASDAQ:CAMT) has been assigned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $165.9167.

A number of analysts have commented on the company. Northland Securities lowered 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Camtek in a research report on Monday, December 29th. Morgan Stanley set a $151.00 price target on Camtek in a report on Thursday, February 19th. Evercore restated an “outperform” rating and set a $190.00 price objective on shares of Camtek in a research note on Wednesday, February 18th. Finally, Stifel Nicolaus upped their target price on shares of Camtek from $120.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th.

Institutional Investors Weigh In On Camtek

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAMT. Wasatch Advisors LP boosted its stake in shares of Camtek by 14.7% in the 3rd quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock worth $422,373,000 after buying an additional 513,956 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Camtek by 0.4% during the second 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 during the last quarter. Menora Mivtachim Holdings LTD. lifted its holdings in Camtek by 31.1% during the third quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock worth $220,537,000 after acquiring an additional 497,918 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in Camtek by 56.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,665,236 shares of the semiconductor company’s stock worth $177,090,000 after purchasing an additional 604,097 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in Camtek by 12.0% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock valued at $140,205,000 after purchasing an additional 140,796 shares during the period. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Stock Performance

CAMT opened at $147.31 on Thursday. Camtek has a 1-year low of $47.41 and a 1-year high of $174.61. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 156.71, a PEG ratio of 3.49 and a beta of 1.53. The company’s fifty day moving average price is $145.16 and its two-hundred day moving average price is $118.99. The company has a current ratio of 8.35, a quick ratio of 7.31 and a debt-to-equity ratio of 0.84.

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

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.