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

Shares of Camtek Ltd. (NASDAQ:CAMT) have been given an average recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $129.6667.

A number of equities analysts have commented on the company. Zacks Research cut Camtek from a “hold” rating to a “strong sell” rating in a research note on Friday, January 2nd. Northland Securities set a $140.00 target price on shares of Camtek in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Camtek in a report on Monday, December 29th. B. Riley raised their price target on shares of Camtek from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Wall Street Zen raised shares of Camtek from a “sell” rating to a “hold” rating in a research note on Sunday.

Institutional Investors Weigh In On Camtek

A number of large investors have recently made changes to their positions in CAMT. Advisory Services Network LLC bought a new position in shares of Camtek during the third quarter valued at approximately $32,000. Advisors Asset Management Inc. increased its position in Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 293 shares during the period. Rothschild Investment LLC bought a new position in Camtek in the 3rd quarter worth $54,000. Optimum Investment Advisors lifted its position in shares of Camtek by 60.0% in 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 period. Finally, Aventura Private Wealth LLC purchased a new stake in shares of Camtek in the 4th quarter worth about $108,000. 41.93% of the stock is currently owned by institutional investors.

Camtek Stock Down 0.9%

CAMT opened at $136.61 on Wednesday. Camtek has a 12 month low of $47.41 and a 12 month high of $150.00. The company has a current ratio of 7.58, a quick ratio of 6.52 and a debt-to-equity ratio of 0.90. The business’s 50-day moving average price is $111.65 and its 200-day moving average price is $102.49. The company has a market cap of $6.23 billion, a P/E ratio of 151.79, a P/E/G ratio of 2.97 and a beta of 1.55.

About Camtek

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.