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

Camtek Ltd. (NASDAQ:CAMT) has been given a consensus rating of “Moderate Buy” by the fourteen research firms that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $174.3333.

CAMT has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of Camtek from $161.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Barclays upped their price objective on shares of Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Weiss Ratings upgraded shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 14th. Evercore reiterated an “outperform” rating and set a $200.00 price objective on shares of Camtek in a research report on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st.

Institutional Investors Weigh In On Camtek

A number of institutional investors have recently added to or reduced their stakes in CAMT. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Camtek by 38.2% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,302,009 shares of the semiconductor company’s stock worth $349,008,000 after acquiring an additional 636,773 shares during the last quarter. Wasatch Advisors LP grew its holdings in Camtek by 18.6% during the 2nd quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company’s stock worth $296,529,000 after acquiring an additional 550,072 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Camtek during the 4th quarter worth approximately $57,772,000. Menora Mivtachim Holdings LTD. grew its holdings in Camtek by 31.1% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock worth $220,537,000 after acquiring an additional 497,918 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in Camtek by 169.8% during the 3rd quarter. Millennium Management LLC now owns 479,053 shares of the semiconductor company’s stock worth $50,325,000 after acquiring an additional 301,484 shares during the last quarter. 41.93% of the stock is owned by institutional investors.

Camtek Price Performance

CAMT stock opened at $167.37 on Tuesday. The company has a 50 day simple moving average of $173.42 and a 200 day simple moving average of $145.54. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 192.38, a P/E/G ratio of 4.03 and a beta of 1.61. Camtek has a 1 year low of $62.88 and a 1 year high of $215.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.35 and a quick ratio of 7.46.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $120.15 million. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 EPS. Research analysts anticipate that Camtek will post 3.13 EPS for the current fiscal year.

About Camtek

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.