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

Camtek Ltd. (NASDAQ:CAMT – Get Rating) has received an average recommendation of “Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $45.60.

A number of research analysts have issued reports on CAMT shares. Barclays boosted their price target on Camtek from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 12th. Needham & Company LLC boosted their price target on Camtek from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, January 6th. StockNews.com lowered Camtek from a “buy” rating to a “hold” rating in a research report on Thursday, March 24th. Bank of America started coverage on Camtek in a research note on Tuesday, January 25th. They issued a “buy” rating and a $43.00 price objective on the stock. Finally, B. Riley dropped their price objective on Camtek from $50.00 to $45.00 in a research note on Tuesday, April 12th.

CAMT stock traded down $1.44 during trading on Friday, reaching $29.86. 173,560 shares of the company’s stock were exchanged, compared to its average volume of 212,874. The company has a quick ratio of 5.14, a current ratio of 5.80 and a debt-to-equity ratio of 0.66. Camtek has a 1-year low of $26.03 and a 1-year high of $49.60. The company’s fifty day moving average price is $32.42 and its 200-day moving average price is $38.57. The firm has a market cap of $1.31 billion, a PE ratio of 22.28, a P/E/G ratio of 0.61 and a beta of 1.57.

Camtek (NASDAQ:CAMT – Get Rating) last announced its quarterly earnings results on Thursday, February 10th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.39. Camtek had a return on equity of 24.42% and a net margin of 22.35%. The company had revenue of $74.17 million during the quarter, compared to analyst estimates of $72.63 million. During the same quarter in the previous year, the firm posted $0.18 EPS. The firm’s quarterly revenue was up 52.6% on a year-over-year basis. As a group, sell-side analysts expect that Camtek will post 1.58 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Paradiem LLC raised its position in shares of Camtek by 7.5% during the first quarter. Paradiem LLC now owns 13,540 shares of the semiconductor company’s stock worth $418,000 after purchasing an additional 943 shares during the period. Kabouter Management LLC acquired a new stake in shares of Camtek during the fourth quarter worth $14,473,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Camtek during the fourth quarter worth $304,000. Millennium Management LLC raised its position in shares of Camtek by 143.5% during the fourth quarter. Millennium Management LLC now owns 293,130 shares of the semiconductor company’s stock worth $13,496,000 after purchasing an additional 172,745 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Camtek during the fourth quarter worth $599,000. 36.70% of the stock is currently owned by institutional investors.

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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