Camtek Ltd. (NASDAQ:CAMT) Receives Average Recommendation of “Buy” from Brokerages

Camtek Ltd. (NASDAQ:CAMT) has been given an average recommendation of “Buy” by the ten analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $114.11.

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

Camtek Stock Performance

Shares of CAMT opened at $64.62 on Thursday. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. The stock has a market cap of $2.95 billion, a P/E ratio of 26.70, a P/E/G ratio of 1.89 and a beta of 1.38. The business’s 50 day moving average price is $81.50 and its 200-day moving average price is $80.11. Camtek has a 52 week low of $62.13 and a 52 week high of $140.50.

Camtek (NASDAQ:CAMT) last released its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS 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%. Equities research analysts anticipate that Camtek will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Camtek

Several large investors have recently modified their holdings of the company. Huntington National Bank lifted its holdings in Camtek by 42.4% in the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 123 shares during the period. Advisors Asset Management Inc. increased its position in shares of 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 last quarter. Cetera Investment Advisers lifted its stake in shares of Camtek by 3.3% in the 4th quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company’s stock worth $427,000 after purchasing an additional 171 shares during the period. Prentiss Smith & Co. Inc. boosted its holdings in shares of Camtek by 10.8% in the fourth quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company’s stock worth $225,000 after buying an additional 272 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Camtek by 364.0% in the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after buying an additional 324 shares during the last quarter. 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.