Camtek Ltd. (NASDAQ:CAMT) Receives $174.67 Average Price Target from Brokerages

Camtek Ltd. (NASDAQ:CAMT) has earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat.com reports. Seven 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 covered the stock in the last year is $174.6667.

A number of equities research analysts have recently commented on the stock. Northland Securities set a $174.00 price target on shares of Camtek in a report on Wednesday, May 13th. Stifel Nicolaus reissued a “hold” rating and set a $185.00 price objective on shares of Camtek in a research note on Friday, April 17th. Evercore reissued an “outperform” rating and set a $200.00 price objective on shares of Camtek in a research note on Wednesday, May 13th. Oppenheimer raised their target price on shares of Camtek from $180.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Needham & Company LLC lifted their target price on shares of Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th.

Camtek Price Performance

Shares of NASDAQ:CAMT opened at $143.79 on Wednesday. The company has a quick ratio of 7.46, a current ratio of 8.35 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $6.71 billion, a P/E ratio of 165.28, a P/E/G ratio of 3.45 and a beta of 1.55. Camtek has a 52-week low of $75.75 and a 52-week high of $215.99. The stock’s fifty day simple moving average is $171.21 and its 200-day simple moving average is $159.97.

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

Institutional Investors Weigh In On Camtek

Several hedge funds have recently made changes to their positions in CAMT. Daiwa Securities Group Inc. grew its position in shares of Camtek by 202.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 200 shares during the period. Advisory Services Network LLC purchased a new position in Camtek during the third quarter worth about $32,000. Fifth Third Bancorp purchased a new position in Camtek during the first quarter worth about $42,000. EverSource Wealth Advisors LLC boosted its stake in Camtek by 46.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock worth $45,000 after buying an additional 95 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after buying an additional 293 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

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.