Analysts Set Camtek Ltd. (NASDAQ:CAMT) Price Target at $174.33

Camtek Ltd. (NASDAQ:CAMT) has been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $174.3333.

Several equities analysts have recently issued reports on CAMT shares. Weiss Ratings upgraded Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 14th. Jefferies Financial Group boosted their price objective on Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Needham & Company LLC boosted their price objective on Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Oppenheimer boosted their price objective on Camtek from $180.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Evercore reiterated an “outperform” rating and set a $200.00 price objective on shares of Camtek in a research report on Wednesday, May 13th.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $194.73 on Friday. Camtek has a 1-year low of $72.54 and a 1-year high of $215.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.35 and a quick ratio of 7.46. The business’s fifty day moving average price is $180.09 and its two-hundred day moving average price is $155.18. The firm has a market capitalization of $8.92 billion, a PE ratio of 223.83, a P/E/G ratio of 4.69 and a beta of 1.54.

Camtek (NASDAQ:CAMT) last issued its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $120.15 million. During the same period last year, the company earned $0.79 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, research analysts expect that Camtek will post 3.14 EPS for the current year.

Hedge Funds Weigh In On Camtek

Large investors have recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new position in Camtek during the 1st quarter valued at about $42,000. EverSource Wealth Advisors LLC increased its stake in Camtek by 46.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 95 shares during the period. Daiwa Securities Group Inc. increased its stake in Camtek by 202.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 200 shares during the period. Advisory Services Network LLC acquired a new position in Camtek during the 3rd quarter valued at about $32,000. Finally, Global Retirement Partners LLC acquired a new position in Camtek during the 4th quarter valued at about $52,000. 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.