Analysts Set Camtek Ltd. (NASDAQ:CAMT) Price Target at $110.57

Camtek Ltd. (NASDAQ:CAMT) has received a consensus recommendation of “Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $110.57.

A number of research analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $95.00 target price on shares of Camtek in a research note on Wednesday, November 13th. B. Riley decreased their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Northland Securities boosted their price target on shares of Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Finally, StockNews.com cut shares of Camtek from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th.

Institutional Investors Weigh In On Camtek

Several large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. lifted its position in shares of Camtek by 78.8% in 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 during the period. Headlands Technologies LLC purchased a new stake in Camtek during the first quarter valued at approximately $50,000. Northwestern Mutual Wealth Management Co. lifted 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 valued at $59,000 after acquiring an additional 466 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Camtek by 524.6% during the first quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after acquiring an additional 1,238 shares during the last quarter. Finally, Gateway Wealth Partners LLC purchased a new stake in Camtek during the second quarter valued at approximately $220,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Price Performance

CAMT opened at $74.84 on Friday. Camtek has a 1 year low of $59.33 and a 1 year high of $140.50. The stock has a 50-day moving average price of $79.21 and a 200-day moving average price of $95.59. 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 firm has a market cap of $3.40 billion, a PE ratio of 34.49, a P/E/G ratio of 1.39 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The business 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 business’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. Sell-side analysts predict that Camtek will post 2.45 earnings per share for the current fiscal year.

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.