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

Camtek Ltd. (NASDAQ:CAMT) has received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $96.10.

A number of research firms recently issued reports on CAMT. Northland Securities set a $105.00 target price on shares of Camtek in a research report on Wednesday, May 14th. Zacks Research upgraded shares of Camtek to a “hold” rating in a research report on Monday, August 11th. Cantor Fitzgerald set a $80.00 target price on shares of Camtek and gave the company a “neutral” rating in a research report on Tuesday, June 24th. Oppenheimer began coverage on shares of Camtek in a research report on Wednesday, July 2nd. They set an “outperform” rating and a $100.00 target price for the company. Finally, Barclays decreased their target price on shares of Camtek from $120.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd.

Hedge Funds Weigh In On Camtek

Institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of Camtek in the 1st quarter valued at about $31,000. Advisors Asset Management Inc. raised its position in shares of Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 293 shares during the last quarter. Optimum Investment Advisors raised its position in shares of Camtek by 60.0% during the 2nd quarter. Optimum Investment Advisors now owns 1,200 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 450 shares during the last quarter. State of Wyoming raised its position in shares of Camtek by 146.2% during the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Petrus Trust Company LTA raised its position in shares of Camtek by 12.9% during the 1st quarter. Petrus Trust Company LTA now owns 3,706 shares of the semiconductor company’s stock worth $217,000 after purchasing an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Price Performance

Shares of CAMT opened at $83.94 on Friday. The firm has a market capitalization of $3.83 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 2.18 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a current ratio of 5.41 and a quick ratio of 4.38. Camtek has a 1-year low of $47.41 and a 1-year high of $110.73. The company’s fifty day moving average price is $86.13 and its 200-day moving average price is $75.07.

Camtek (NASDAQ:CAMT) last posted its earnings results on Tuesday, August 5th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. The company had revenue of $123.32 million during the quarter, compared to the consensus estimate of $121.57 million. Camtek had a net margin of 28.36% and a return on equity of 23.95%. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. On average, equities research analysts predict that Camtek will post 2.93 EPS for the current year.

Camtek Company Profile

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.