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

Camtek Ltd. (NASDAQ:CAMT) has been assigned a consensus rating of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $74.75.

Several equities analysts recently issued reports on CAMT shares. Evercore ISI assumed coverage on shares of Camtek in a report on Tuesday, April 16th. They set an “outperform” rating and a $100.00 price target for the company. B. Riley reissued a “buy” rating and issued a $102.00 target price on shares of Camtek in a report on Tuesday, March 26th. Finally, Barclays raised their price target on Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st.

Camtek Stock Up 4.2 %

Shares of CAMT opened at $82.16 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 4.77 and a current ratio of 5.66. The company has a 50-day simple moving average of $80.49 and a 200-day simple moving average of $71.70. Camtek has a 52 week low of $25.38 and a 52 week high of $90.54. The firm has a market capitalization of $3.69 billion, a P/E ratio of 50.72, a P/E/G ratio of 2.82 and a beta of 1.41.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.04. Camtek had a net margin of 24.93% and a return on equity of 18.92%. The firm had revenue of $88.70 million for the quarter, compared to analyst estimates of $88.02 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts expect that Camtek will post 2.12 earnings per share for the current year.

Camtek Announces Dividend

The company also recently announced a Variable dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were paid a $1.33 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. Camtek’s dividend payout ratio (DPR) is currently 82.10%.

Hedge Funds Weigh In On Camtek

Several large investors have recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd raised its holdings in Camtek by 275.5% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,067,187 shares of the semiconductor company’s stock worth $66,405,000 after purchasing an additional 782,958 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in Camtek in the third quarter valued at approximately $21,162,000. Westfield Capital Management Co. LP bought a new position in Camtek in the third quarter valued at approximately $12,093,000. Eagle Asset Management Inc. acquired a new stake in Camtek during the 3rd quarter worth $12,022,000. Finally, TT International Asset Management LTD bought a new stake in shares of Camtek during the 4th quarter valued at $13,105,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

About Camtek

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.