Camtek Ltd. (NASDAQ:CAMT) Given Consensus Rating of “Buy” by Brokerages

Camtek Ltd. (NASDAQ:CAMT) has been given a consensus rating of “Buy” by the ten analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $112.44.

CAMT has been the subject of a number of analyst reports. Cantor Fitzgerald assumed coverage on shares of Camtek in a research report on Monday, January 13th. They issued a “neutral” rating and a $100.00 price objective for the company. Northland Securities lifted their price target on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Barclays dropped their price objective on Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and set a $95.00 target price on shares of Camtek in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $105.00 price target on shares of Camtek in a research note on Thursday, December 12th.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $86.35 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36. The business has a 50-day moving average of $83.53 and a 200-day moving average of $85.86. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 39.79, a PEG ratio of 1.66 and a beta of 1.33. Camtek has a fifty-two week low of $69.83 and a fifty-two week high of $140.50.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. The company had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The firm’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. As a group, sell-side analysts predict that Camtek will post 2.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camtek

Hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. grew its position in shares of Camtek by 78.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 145 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Camtek by 23,300.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after buying an additional 466 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Camtek during the 3rd quarter worth $53,000. Gateway Wealth Partners LLC acquired a new position in Camtek in the 2nd quarter valued at $220,000. Finally, Maven Securities LTD bought a new stake in shares of Camtek during the 2nd quarter valued at $241,000. 41.93% of the stock is owned by institutional investors.

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.