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

Shares of Camtek Ltd. (NASDAQ:CAMT) have earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $174.6667.

CAMT has been the subject of a number of recent analyst reports. Barclays upped their target price on Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Evercore reiterated an “outperform” rating and issued a $200.00 price target on shares of Camtek in a report on Wednesday, May 13th. B. Riley Financial reissued a “buy” rating on shares of Camtek in a research report on Monday, April 20th. Jefferies Financial Group upped their price objective on shares of Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Morgan Stanley raised their target price on shares of Camtek from $163.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th.

Camtek Stock Up 9.6%

NASDAQ CAMT opened at $149.90 on Wednesday. Camtek has a 1 year low of $75.75 and a 1 year high of $215.99. The stock has a market capitalization of $6.99 billion, a PE ratio of 172.30, a PEG ratio of 3.28 and a beta of 1.55. 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 50-day moving average is $169.16 and its 200 day moving average is $160.43.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $121.66 million during the quarter, compared to analyst estimates of $120.15 million. Camtek had a return on equity of 22.26% and a net margin of 9.63%.Camtek’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 EPS. Sell-side analysts forecast that Camtek will post 3.14 earnings per share for the current year.

Hedge Funds Weigh In On Camtek

A number of institutional investors have recently bought and sold shares of CAMT. Daiwa Securities Group Inc. lifted its stake in shares of Camtek by 202.0% in the 4th 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 stake in Camtek in the third quarter worth $32,000. Fifth Third Bancorp purchased a new stake in Camtek in the first quarter worth $42,000. EverSource Wealth Advisors LLC raised its holdings in Camtek by 46.8% in the first quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 95 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Camtek by 61.6% in the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 293 shares in the last quarter. 41.93% of the stock is owned by institutional investors.

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.