Brokerages Set Camtek Ltd. (NASDAQ:CAMT) Target Price at $96.25

Camtek Ltd. (NASDAQ:CAMT) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $96.25.

A number of brokerages have weighed in on CAMT. Northland Capmk cut shares of Camtek from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 16th. Jefferies Financial Group started coverage on shares of Camtek in a report on Monday, May 13th. They issued a “buy” rating and a $120.00 target price on the stock. Barclays upped their target price on Camtek from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Needham & Company LLC raised their price target on Camtek from $92.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, Northland Securities downgraded Camtek from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 16th.

Camtek Trading Down 2.9 %

NASDAQ CAMT opened at $105.36 on Friday. The company’s fifty day moving average price is $87.00 and its two-hundred day moving average price is $77.74. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 59.81, a price-to-earnings-growth ratio of 2.32 and a beta of 1.39. Camtek has a 12 month low of $28.21 and a 12 month high of $109.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.66 and a quick ratio of 3.08.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. The business had revenue of $97.01 million during the quarter, compared to the consensus estimate of $93.75 million. Camtek had a return on equity of 20.94% and a net margin of 25.35%. As a group, research analysts predict that Camtek will post 2.35 earnings per share for the current fiscal year.

Camtek Dividend Announcement

The business also recently disclosed a Variable dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were paid a dividend of $1.33 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. Camtek’s dividend payout ratio is currently 75.14%.

Hedge Funds Weigh In On Camtek

A number of institutional investors and hedge funds have recently bought and sold shares of CAMT. Lord Abbett & CO. LLC bought a new position in Camtek during the 1st quarter valued at $55,026,000. J.P. Morgan Private Wealth Advisors LLC acquired a new position in Camtek during the third quarter worth about $21,162,000. Westfield Capital Management Co. LP bought a new stake in Camtek in the third quarter worth about $12,093,000. Eagle Asset Management Inc. acquired a new stake in Camtek in the 3rd quarter valued at about $12,022,000. Finally, TT International Asset Management LTD bought a new position in shares of Camtek during the 4th quarter valued at about $13,105,000. 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.