Brokerages Set Camtek Ltd. (NASDAQ:CAMT) Target Price at $114.11

Shares of Camtek Ltd. (NASDAQ:CAMT) have been assigned a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $114.11.

Several research firms have weighed in on CAMT. Stifel Nicolaus reiterated a “buy” rating and set a $105.00 target price on shares of Camtek in a research note on Thursday, December 12th. Cantor Fitzgerald assumed coverage on shares of Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 price objective for the company. Barclays cut their target price on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and set a $110.00 price target on shares of Camtek in a research report on Thursday, February 13th. Finally, Northland Securities boosted their price objective on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Wasatch Advisors LP lifted its holdings in Camtek by 311.8% in the fourth quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company’s stock worth $96,341,000 after purchasing an additional 903,126 shares during the period. Menora Mivtachim Holdings LTD. lifted its stake in shares of Camtek by 81.8% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company’s stock worth $126,521,000 after acquiring an additional 705,000 shares during the period. Meitav Investment House Ltd. boosted its holdings in shares of Camtek by 119.3% in the fourth quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company’s stock valued at $66,159,000 after acquiring an additional 445,079 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Camtek during the fourth quarter valued at approximately $30,956,000. Finally, Two Sigma Advisers LP raised its holdings in Camtek by 107.5% during the third quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock worth $57,548,000 after purchasing an additional 373,400 shares in the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Camtek Stock Performance

Shares of CAMT stock opened at $66.05 on Thursday. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 1.89 and a beta of 1.38. Camtek has a one year low of $62.13 and a one year high of $140.50. The company’s 50-day simple moving average is $82.32 and its 200-day simple moving average is $80.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00.

Camtek (NASDAQ:CAMT) last released its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Equities analysts anticipate that Camtek will post 2.93 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.