Camtek Ltd. (NASDAQ:CAMT) Receives $114.11 Consensus PT from Analysts

Camtek Ltd. (NASDAQ:CAMT) has been assigned a consensus rating of “Buy” from the ten research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $114.11.

CAMT has been the subject of several recent analyst reports. Northland Securities upped their target price on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and set a $110.00 price objective on shares of Camtek in a research report on Thursday, February 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th. Barclays dropped their target price on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Cantor Fitzgerald assumed coverage on shares of Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 price objective for the company.

Camtek Trading Up 3.7 %

CAMT opened at $68.51 on Thursday. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 1.89 and a beta of 1.38. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. Camtek has a twelve month low of $62.13 and a twelve month high of $140.50. The company has a 50-day simple moving average of $81.96 and a 200 day simple moving average of $80.19.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Analysts predict that Camtek will post 2.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Camtek

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its position 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 purchasing an additional 145 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Camtek by 364.0% in the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 324 shares during the last quarter. Huntington National Bank boosted its stake in shares of Camtek by 42.4% in the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Camtek during the third quarter worth $53,000. Finally, State of Wyoming raised its stake in Camtek by 146.2% during the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock worth $163,000 after buying an additional 1,200 shares during the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

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.