Camtek Ltd. (NASDAQ:CAMT) Stock Has Consensus Price Target of $176.75

Shares of Camtek Ltd. (NASDAQ:CAMT) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $174.33.

CAMT has been the subject of several recent analyst reports. Needham & Company LLC lowered their target price on shares of Camtek from $190.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, October 16th. Morgan Stanley reduced their price target on Camtek from $165.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Monday, September 28th. Stifel Nicolaus set a $170.00 price objective on Camtek in a report on Monday, August 10th. Cantor Fitzgerald reiterated a “neutral” rating and set a $175.00 price objective on shares of Camtek in a report on Tuesday, September 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Camtek in a research report on Tuesday, August 11th.

Camtek Trading Down 0.8%

Shares of NASDAQ CAMT opened at $127.90 on Friday. The stock has a market capitalization of $5.97 billion, a P/E ratio of 46.55, a price-to-earnings-growth ratio of 2.57 and a beta of 1.56. The business has a fifty day moving average price of $146.74 and a 200 day moving average price of $159.93. Camtek has a 1-year low of $91.91 and a 1-year high of $215.99. The company has a debt-to-equity ratio of 0.69, a current ratio of 7.38 and a quick ratio of 6.58.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $133.24 million for the quarter, compared to the consensus estimate of $130.44 million. Camtek had a net margin of 7.40% and a return on equity of 21.58%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 EPS. Equities research analysts expect that Camtek will post 3.29 EPS for the current fiscal year.

Insider Activity

In other Camtek news, Director Karni Yarl Andorn sold 3,176 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $164.40, for a total value of $522,134.40. Following the completion of the sale, the director directly owned 1,343 shares in the company, valued at approximately $220,789.20. This trade represents a 70.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lior Aviram sold 3,347 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $162.99, for a total value of $545,527.53. Following the completion of the sale, the director owned 15,865 shares of the company’s stock, valued at approximately $2,585,836.35. This trade represents a 17.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 26,843 shares of company stock worth $4,514,249 over the last quarter. Company insiders own 79.40% of the company’s stock.

Institutional Investors Weigh In On Camtek

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its stake in shares of Camtek by 46.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 95 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Camtek by 6.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,072 shares of the semiconductor company’s stock valued at $314,000 after purchasing an additional 117 shares during the period. IFP Advisors Inc lifted its stake in shares of Camtek by 576.7% in the 2nd quarter. IFP Advisors Inc now owns 203 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 173 shares during the period. Fifth Third Bancorp purchased a new stake in Camtek during the first quarter worth $42,000. Finally, Compass Financial Management LLC purchased a new stake in Camtek during the second quarter worth $57,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is an Israel-based provider of inspection and metrology equipment for the semiconductor industry. The company develops and manufactures systems that help chipmakers detect defects, measure manufacturing processes, and improve production yields during the fabrication and packaging of semiconductor devices.

Its product portfolio includes automated optical inspection and metrology systems for wafers, substrates, and packaged devices, along with inspection solutions for advanced packaging, memory, image sensors, and other specialty semiconductor applications.