Camtek Ltd. (NASDAQ:CAMT) Receives $90.78 Consensus Target Price from Analysts

Camtek Ltd. (NASDAQ:CAMT) has been assigned an average rating of “Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $90.78.

Several equities research analysts recently weighed in on the company. Barclays dropped their target price on Camtek from $120.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Needham & Company LLC lowered their price target on Camtek from $110.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, May 14th. Jefferies Financial Group lowered their price target on Camtek from $120.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Wall Street Zen raised Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. Finally, Bank of America lowered their price target on Camtek from $105.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th.

Camtek Price Performance

CAMT opened at $73.49 on Tuesday. The stock has a 50-day moving average price of $64.04 and a 200-day moving average price of $74.25. Camtek has a 12-month low of $47.41 and a 12-month high of $140.50. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $3.35 billion, a P/E ratio of 30.37, a PEG ratio of 1.89 and a beta of 1.29.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $118.64 million during the quarter, compared to analysts’ expectations of $119.00 million. Camtek had a return on equity of 24.99% and a net margin of 27.61%. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 EPS. Equities analysts predict that Camtek will post 2.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CAMT. Wasatch Advisors LP lifted its stake in shares of Camtek by 311.8% in the 4th quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company’s stock valued at $96,341,000 after purchasing an additional 903,126 shares during the period. Menora Mivtachim Holdings LTD. lifted its stake in shares of Camtek by 81.8% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company’s stock valued at $126,521,000 after purchasing an additional 705,000 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Camtek by 110.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,015,307 shares of the semiconductor company’s stock valued at $59,527,000 after purchasing an additional 532,944 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Camtek by 27.8% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,134,671 shares of the semiconductor company’s stock valued at $123,622,000 after purchasing an additional 464,671 shares during the period. Finally, Meitav Investment House Ltd. lifted its stake in shares of Camtek by 119.3% in the 4th quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company’s stock valued at $66,159,000 after purchasing an additional 445,079 shares during the period. Hedge funds and other 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.