Camtek Ltd. (NASDAQ:CAMT) Receives $110.57 Consensus PT from Brokerages

Camtek Ltd. (NASDAQ:CAMT) has received a consensus recommendation of “Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $110.57.

Several equities analysts have recently issued reports on the company. Northland Securities upped their target price on Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Northland Capmk raised Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. B. Riley lowered their target price on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. StockNews.com lowered shares of Camtek from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Finally, Needham & Company LLC restated a “buy” rating and set a $95.00 price target on shares of Camtek in a research note on Wednesday, November 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. grew its holdings in Camtek by 78.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 145 shares in the last quarter. Headlands Technologies LLC purchased a new position in Camtek during the first quarter valued at approximately $50,000. Northwestern Mutual Wealth Management Co. increased its holdings in Camtek by 23,300.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 466 shares during the period. Russell Investments Group Ltd. increased its holdings in Camtek by 524.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 1,238 shares during the period. Finally, Gateway Wealth Partners LLC purchased a new stake in Camtek in the 2nd quarter worth approximately $220,000. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Camtek Price Performance

Shares of NASDAQ:CAMT opened at $74.07 on Friday. The company has a current ratio of 5.28, a quick ratio of 4.29 and a debt-to-equity ratio of 0.38. The stock has a market cap of $3.36 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 1.39 and a beta of 1.38. The stock’s fifty day simple moving average is $79.27 and its two-hundred day simple moving average is $95.68. Camtek has a 1-year low of $59.33 and a 1-year high of $140.50.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. The business had revenue of $112.30 million for the quarter, compared to analysts’ expectations of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The firm’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 earnings per share. As a group, analysts forecast that Camtek will post 2.45 EPS for the current fiscal year.

About Camtek

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.