Camtek Ltd. (NASDAQ:CAMT) Stock Has Average Price Target of $173.25 According to Brokerages

Camtek Ltd. (NASDAQ:CAMT) has been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $177.83.

Several equities research analysts have issued reports on CAMT shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $175.00 target price on shares of Camtek in a research note on Tuesday. Morgan Stanley lowered their price target on shares of Camtek from $167.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Camtek in a research note on Tuesday, August 11th. Finally, Stifel Nicolaus set a $170.00 price objective on shares of Camtek in a research report on Monday, August 10th.

Insider Buying and Selling

In other Camtek news, Director Lior Aviram sold 3,347 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $162.99, for a total transaction of $545,527.53. Following the completion of the transaction, the director owned 15,865 shares of the company’s stock, valued at $2,585,836.35. This trade represents a 17.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Moshe Eisenberg sold 3,759 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $160.06, for a total transaction of $601,665.54. Following the completion of the transaction, the chief financial officer owned 16,884 shares in the company, valued at approximately $2,702,453.04. This represents a 18.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,843 shares of company stock valued at $4,514,249 over the last three months. Company insiders own 79.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. QRG Capital Management Inc. purchased a new stake in shares of Camtek during the 2nd quarter worth $206,000. Whetstone Capital Advisors LLC acquired a new position in Camtek in the second quarter valued at $294,000. Engineers Gate Manager LP increased its stake in Camtek by 51.8% in the second quarter. Engineers Gate Manager LP now owns 7,338 shares of the semiconductor company’s stock valued at $1,197,000 after purchasing an additional 2,505 shares during the period. Insight Wealth Partners LLC purchased a new stake in shares of Camtek in the second quarter valued at about $312,000. Finally, IFP Advisors Inc raised its holdings in shares of Camtek by 576.7% in the second quarter. IFP Advisors Inc now owns 203 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 173 shares during the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Camtek Trading Up 1.3%

Shares of NASDAQ:CAMT opened at $147.05 on Monday. The business’s 50 day moving average price is $147.39 and its 200-day moving average price is $161.62. Camtek has a 1 year low of $91.91 and a 1 year high of $215.99. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 229.77, a price-to-earnings-growth ratio of 3.13 and a beta of 1.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 7.38 and a quick ratio of 6.58.

Camtek (NASDAQ:CAMT) last announced its earnings results on Monday, August 10th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.02. Camtek had a net margin of 7.40% and a return on equity of 21.58%. The business had revenue of $133.24 million for the quarter, compared to analyst estimates of $130.44 million. During the same quarter last year, the business earned $0.79 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that Camtek will post 3.27 earnings per share for the current fiscal year.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is an Israel-based semiconductor equipment company that develops, manufactures and sells automated inspection and metrology systems. Its technologies are used to detect defects, measure wafer and package characteristics, and support process control during semiconductor manufacturing and advanced packaging.

The company’s product portfolio includes inspection systems for wafers, substrates and semiconductor packages, as well as metrology solutions and related software.