Brokerages Set Camtek Ltd. (NASDAQ:CAMT) Target Price at $114.11

Camtek Ltd. (NASDAQ:CAMT) has received a consensus recommendation of “Buy” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $114.11.

A number of equities research analysts have weighed in on the stock. Cantor Fitzgerald initiated coverage on Camtek in a report on Monday, January 13th. They set a “neutral” rating and a $100.00 price target on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $105.00 target price on shares of Camtek in a report on Thursday, December 12th. Needham & Company LLC restated a “buy” rating and set a $110.00 price target on shares of Camtek in a research note on Thursday, February 13th. Barclays lowered their price objective on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Northland Securities increased their price target on shares of Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th.

Camtek Trading Down 5.5 %

NASDAQ:CAMT opened at $74.80 on Friday. Camtek has a 52 week low of $69.83 and a 52 week high of $140.50. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 1.89 and a beta of 1.34. The company’s 50 day moving average price is $88.28 and its 200-day moving average price is $83.53. 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 (NASDAQ:CAMT) last posted its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. On average, equities research analysts forecast that Camtek will post 2.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

Several institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. increased its holdings in Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 145 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 324 shares during the last quarter. Huntington National Bank grew its holdings in Camtek by 42.4% during the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Camtek in the 3rd quarter worth approximately $53,000. Finally, State of Wyoming raised its holdings in shares of Camtek by 146.2% during the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock worth $163,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors own 41.93% of the company’s stock.

Camtek Company Profile

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.