Camtek Ltd. (NASDAQ:CAMT) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Camtek Ltd. (NASDAQ:CAMT) have earned an average recommendation of “Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $109.75.

A number of research analysts recently issued reports on CAMT shares. Northland Securities upgraded Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price objective for the company in a research report on Monday, August 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 target price on shares of Camtek in a research note on Friday, August 2nd. Barclays lifted their target price on Camtek from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. B. Riley cut their target price on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Bank of America lifted their target price on Camtek from $98.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd.

Camtek Trading Up 2.2 %

NASDAQ:CAMT opened at $93.58 on Wednesday. Camtek has a 12-month low of $44.08 and a 12-month high of $140.50. The firm has a market capitalization of $4.20 billion, a P/E ratio of 52.87, a P/E/G ratio of 1.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.66 and a quick ratio of 3.08. The business has a 50 day simple moving average of $112.63 and a 200 day simple moving average of $94.63.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Camtek had a return on equity of 22.79% and a net margin of 25.93%. The business had revenue of $102.60 million during the quarter, compared to analyst estimates of $101.26 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 39.4% compared to the same quarter last year. Equities research analysts predict that Camtek will post 2.35 EPS for the current year.

Institutional Trading of Camtek

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of Camtek by 4.1% in the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock worth $341,000 after buying an additional 108 shares in the last quarter. Petra Financial Advisors Inc. grew its holdings in shares of Camtek by 1.5% in the 2nd quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company’s stock worth $1,038,000 after acquiring an additional 120 shares during the last quarter. Ellsworth Advisors LLC grew its holdings in shares of Camtek by 3.4% in the 2nd quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company’s stock worth $926,000 after acquiring an additional 245 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Camtek by 17.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock worth $158,000 after acquiring an additional 340 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of 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 acquiring an additional 379 shares during 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.