Camtek Ltd. (NASDAQ:CAMT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Camtek Ltd. (NASDAQ:CAMT) has received a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $173.25.

Several equities research analysts have recently commented on CAMT shares. Morgan Stanley reduced their target price on Camtek from $167.00 to $165.00 and set an “equal weight” rating for the company in a report on Tuesday, August 11th. Evercore reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Camtek in a research note on Wednesday, May 13th. Needham & Company LLC raised their target price on shares of Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Oppenheimer lifted their target price on shares of Camtek from $180.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Barclays boosted their price target on shares of Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th.

Insider Activity at Camtek

In other Camtek news, CFO Moshe Eisenberg sold 645 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $172.67, for a total transaction of $111,372.15. Following the sale, the chief financial officer directly owned 16,239 shares of the company’s stock, valued at $2,803,988.13. The trade was a 3.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rafi Amit sold 6,250 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $170.52, for a total value of $1,065,750.00. Following the completion of the sale, the chief executive officer owned 55,350 shares of the company’s stock, valued at $9,438,282. The trade was a 10.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 26,843 shares of company stock worth $4,514,249. Insiders own 79.40% of the company’s stock.

Hedge Funds Weigh In On Camtek

Several institutional investors and hedge funds have recently bought and sold shares of the business. Raiffeisen Bank International AG boosted its holdings in shares of Camtek by 26.3% during the fourth quarter. Raiffeisen Bank International AG now owns 120,000 shares of the semiconductor company’s stock worth $13,032,000 after purchasing an additional 25,000 shares during the period. Vanguard Group Inc. increased its stake in Camtek by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock valued at $116,615,000 after buying an additional 7,220 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Camtek in the 1st quarter valued at approximately $7,225,000. Y.D. More Investments Ltd lifted its position in Camtek by 20.8% in the 1st quarter. Y.D. More Investments Ltd now owns 783,365 shares of the semiconductor company’s stock worth $114,901,000 after buying an additional 134,791 shares in the last quarter. Finally, Pier Capital LLC purchased a new stake in Camtek in the 4th quarter worth approximately $3,536,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Price Performance

Shares of Camtek stock opened at $131.91 on Thursday. Camtek has a 52 week low of $75.75 and a 52 week high of $215.99. The company has a current ratio of 7.38, a quick ratio of 6.58 and a debt-to-equity ratio of 0.69. The company’s 50-day moving average price is $148.51 and its two-hundred day moving average price is $163.57. The stock has a market cap of $6.15 billion, a PE ratio of 206.11, a price-to-earnings-growth ratio of 2.76 and a beta of 1.56.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02. The company had revenue of $133.24 million for the quarter, compared to analysts’ expectations of $130.44 million. Camtek had a net margin of 7.40% and a return on equity of 21.58%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS. As a group, sell-side analysts anticipate that Camtek will post 3.27 EPS for the current fiscal year.

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.