Camtek Ltd. (NASDAQ:CAMT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Camtek Ltd. (NASDAQ:CAMT) have received a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $123.00.

CAMT has been the topic of several research reports. Evercore ISI raised their price objective on shares of Camtek from $100.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, November 11th. Cantor Fitzgerald restated a “neutral” rating and issued a $120.00 target price on shares of Camtek in a research report on Tuesday. B. Riley boosted their price objective on shares of Camtek from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Northland Securities set a $140.00 target price on shares of Camtek in a research note on Tuesday, October 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Camtek in a research note on Monday.

Camtek Stock Performance

NASDAQ:CAMT opened at $104.04 on Friday. The stock has a market cap of $4.74 billion, a P/E ratio of 115.60, a PEG ratio of 2.26 and a beta of 1.57. The company has a quick ratio of 6.52, a current ratio of 7.58 and a debt-to-equity ratio of 0.90. The business’s 50-day moving average price is $112.47 and its two-hundred day moving average price is $97.01. Camtek has a twelve month low of $47.41 and a twelve month high of $129.41.

Institutional Trading of Camtek

Several institutional investors have recently added to or reduced their stakes in the business. ARK Investment Management LLC boosted its stake in shares of Camtek by 38.2% in the 2nd quarter. ARK Investment Management LLC now owns 27,386 shares of the semiconductor company’s stock worth $2,316,000 after buying an additional 7,566 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Camtek in the second quarter worth about $338,000. Legal & General Group Plc boosted its position in shares of Camtek by 18.9% during the second quarter. Legal & General Group Plc now owns 117,163 shares of the semiconductor company’s stock worth $10,103,000 after acquiring an additional 18,584 shares during the last quarter. Taylor Frigon Capital Management LLC boosted its stake in Camtek by 18.2% during the second quarter. Taylor Frigon Capital Management LLC now owns 32,518 shares of the semiconductor company’s stock valued at $2,750,000 after buying an additional 5,005 shares during the last quarter. Finally, Y.D. More Investments Ltd raised its stake in Camtek by 22.5% during the second quarter. Y.D. More Investments Ltd now owns 644,657 shares of the semiconductor company’s stock valued at $55,435,000 after purchasing an additional 118,226 shares in the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.