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

Camtek Ltd. (NASDAQ:CAMT) has been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $137.1667.

CAMT has been the subject of several research reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $120.00 target price on shares of Camtek in a research report on Tuesday, December 16th. Bank of America raised their price objective on Camtek from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Barclays reaffirmed an “overweight” rating and issued a $155.00 price objective on shares of Camtek in a report on Thursday, January 15th. Morgan Stanley began coverage on shares of Camtek in a research note on Monday, December 1st. They set an “equal weight” rating and a $110.00 target price for the company. Finally, Zacks Research upgraded shares of Camtek from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd.

Hedge Funds Weigh In On Camtek

A number of hedge funds and other institutional investors have recently bought and sold shares of CAMT. Advisory Services Network LLC acquired a new stake in shares of Camtek during the 3rd quarter worth approximately $32,000. Advisors Asset Management Inc. grew its stake in 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 buying an additional 293 shares during the last quarter. Global Retirement Partners LLC bought a new position in Camtek during the 4th quarter worth $52,000. Rothschild Investment LLC acquired a new stake in Camtek in the third quarter worth $54,000. Finally, Optimum Investment Advisors increased its position in Camtek by 60.0% in the second quarter. Optimum Investment Advisors now owns 1,200 shares of the semiconductor company’s stock worth $101,000 after buying an additional 450 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Price Performance

CAMT opened at $149.02 on Friday. The company has a market capitalization of $6.79 billion, a P/E ratio of 165.58, a PEG ratio of 3.21 and a beta of 1.57. The company has a 50-day moving average of $126.06 and a 200-day moving average of $109.25. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.52 and a current ratio of 7.58. Camtek has a 1-year low of $47.41 and a 1-year high of $155.79.

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.