Analysts Set Camtek Ltd. (NASDAQ:CAMT) Price Target at $103.63

Camtek Ltd. (NASDAQ:CAMT) has received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, 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 $103.63.

CAMT has been the topic of a number of recent research reports. Northland Capmk downgraded shares of Camtek from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 16th. Jefferies Financial Group initiated coverage on shares of Camtek in a report on Monday, May 13th. They set a “buy” rating and a $120.00 price target on the stock. Northland Securities downgraded shares of Camtek from an “outperform” rating to a “market perform” rating in a report on Thursday, May 16th. Needham & Company LLC raised their price target on shares of Camtek from $106.00 to $125.00 and gave the company a “buy” rating in a report on Friday, June 7th. Finally, Barclays raised their price target on shares of Camtek from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, May 10th.

Camtek Stock Down 11.7 %

CAMT stock opened at $113.47 on Friday. Camtek has a 12-month low of $41.15 and a 12-month high of $140.50. The company has a quick ratio of 3.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.44. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 64.11, a PEG ratio of 2.83 and a beta of 1.41. The company has a 50 day moving average of $113.58 and a two-hundred day moving average of $91.16.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in Camtek by 574.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 379 shares during the last quarter. USA Financial Formulas grew its position in Camtek by 1,436.2% in the 4th quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 675 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Camtek in the 1st quarter worth $50,000. Optimum Investment Advisors grew its position in Camtek by 15.0% in the 4th quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 225 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Camtek by 524.6% in the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 1,238 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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.