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

Camtek Ltd. (NASDAQ:CAMT) has earned an average recommendation of “Buy” from the nine brokerages that are currently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $109.88.

A number of brokerages have recently issued reports on CAMT. StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Stifel Nicolaus restated a “buy” rating and issued a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th. Northland Securities increased their price target on Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $95.00 price objective on shares of Camtek in a report on Wednesday, November 13th.

Camtek Stock Performance

Shares of Camtek stock opened at $82.69 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28. The business’s 50 day moving average price is $77.90 and its 200 day moving average price is $89.95. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 38.11, a PEG ratio of 1.36 and a beta of 1.35. Camtek has a one year low of $65.18 and a one year high of $140.50.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The firm had revenue of $112.30 million for the quarter, compared to analysts’ expectations of $108.51 million. During the same quarter in the previous year, the company posted $0.46 EPS. The company’s revenue was up 39.5% compared to the same quarter last year. On average, research analysts predict that Camtek will post 2.53 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. lifted 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 worth $26,000 after buying an additional 145 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Camtek in the third quarter valued at $53,000. Northwestern Mutual Wealth Management Co. grew its stake 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 purchasing an additional 466 shares in the last quarter. Gateway Wealth Partners LLC purchased a new stake in Camtek during the 2nd quarter worth about $220,000. Finally, Susquehanna International Group Ltd. acquired a new stake in Camtek in the 2nd quarter valued at about $237,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

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.