Camtek Ltd. (NASDAQ:CAMT) Receives $46.20 Consensus Price Target from Brokerages

Camtek Ltd. (NASDAQ:CAMTGet Rating) has received an average rating of “Buy” from the six analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $45.60.

Several equities analysts have recently issued reports on the company. Needham & Company LLC boosted their target price on Camtek from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, January 6th. StockNews.com cut Camtek from a “buy” rating to a “hold” rating in a research note on Thursday, March 24th. Bank of America assumed coverage on Camtek in a research note on Tuesday, January 25th. They set a “buy” rating and a $43.00 target price on the stock. Barclays boosted their target price on Camtek from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, January 12th. Finally, Zacks Investment Research raised Camtek from a “sell” rating to a “hold” rating and set a $40.00 price target on the stock in a research note on Thursday, February 17th.

Hedge funds have recently modified their holdings of the stock. Hood River Capital Management LLC bought a new stake in Camtek in the third quarter worth $30,000. Captrust Financial Advisors bought a new stake in Camtek in the third quarter worth $41,000. Nvwm LLC bought a new stake in Camtek in the fourth quarter worth $46,000. Bank of America Corp DE boosted its holdings in Camtek by 13.1% in the second quarter. Bank of America Corp DE now owns 2,772 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 322 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. boosted its holdings in Camtek by 31.8% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 2,893 shares of the semiconductor company’s stock worth $133,000 after acquiring an additional 698 shares in the last quarter. 36.70% of the stock is currently owned by institutional investors.

Camtek stock traded down $1.44 during trading hours on Friday, reaching $29.86. The company had a trading volume of 173,560 shares, compared to its average volume of 212,874. The company has a debt-to-equity ratio of 0.66, a current ratio of 5.80 and a quick ratio of 5.14. The company has a 50-day moving average price of $32.42 and a 200 day moving average price of $38.57. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 0.61 and a beta of 1.57. Camtek has a 12-month low of $26.03 and a 12-month high of $49.60.

Camtek (NASDAQ:CAMTGet Rating) last posted its earnings results on Thursday, February 10th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. Camtek had a return on equity of 24.42% and a net margin of 22.35%. The firm had revenue of $74.17 million for the quarter, compared to analysts’ expectations of $72.63 million. During the same period in the previous year, the firm earned $0.18 earnings per share. The business’s revenue was up 52.6% compared to the same quarter last year. As a group, research analysts expect that Camtek will post 1.58 earnings per share for the current year.

Camtek Company Profile (Get Rating)

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry.

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