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

Shares of Camtek Ltd. (NASDAQ:CAMT) have received an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $166.75.

CAMT has been the subject of several research analyst reports. Bank of America increased their price objective on shares of Camtek from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Northland Securities downgraded shares of Camtek from an “outperform” rating to a “market perform” rating and set a $150.00 target price on the stock. in a research report on Wednesday, February 18th. Stifel Nicolaus upped their price target on shares of Camtek from $120.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Camtek in a report on Monday, December 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $185.00 price objective on shares of Camtek in a research note on Wednesday, February 18th.

Institutional Trading of Camtek

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Analog Century Management LP purchased a new stake in Camtek during the 2nd quarter valued at about $52,321,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Camtek by 56.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,665,236 shares of the semiconductor company’s stock worth $177,090,000 after purchasing an additional 604,097 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of Camtek by 18.6% during the second quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company’s stock worth $296,529,000 after purchasing an additional 550,072 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Camtek in the fourth quarter valued at approximately $57,772,000. Finally, Menora Mivtachim Holdings LTD. boosted its position in Camtek by 31.1% in the third quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock valued at $220,537,000 after buying an additional 497,918 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Price Performance

Shares of CAMT stock opened at $153.33 on Monday. Camtek has a 1-year low of $47.41 and a 1-year high of $180.83. The stock’s fifty day moving average price is $155.93 and its 200 day moving average price is $127.72. The company has a debt-to-equity ratio of 0.84, a current ratio of 8.35 and a quick ratio of 7.31. The company has a market cap of $7.03 billion, a price-to-earnings ratio of 163.12, a price-to-earnings-growth ratio of 3.61 and a beta of 1.53.

Camtek (NASDAQ:CAMT) last announced its earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.02). The business had revenue of $128.12 million for the quarter, compared to analyst estimates of $127.10 million. Camtek had a net margin of 10.23% and a return on equity of 23.61%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 earnings per share. On average, research analysts expect that Camtek will post 2.93 earnings per share for the current fiscal year.

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.