Camtek Ltd. (NASDAQ:CAMT) Receives $137.17 Average PT from Brokerages

Shares of Camtek Ltd. (NASDAQ:CAMT) have received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $137.1667.

A number of equities research analysts have recently weighed in on CAMT shares. Zacks Research upgraded shares of Camtek from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. The Goldman Sachs Group reissued a “neutral” rating and issued a $141.00 target price on shares of Camtek in a report on Friday, January 9th. Needham & Company LLC lifted their price target on Camtek from $135.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Jefferies Financial Group upped their price objective on Camtek from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $120.00 target price on shares of Camtek in a research report on Tuesday, December 16th.

Hedge Funds Weigh In On Camtek

Hedge funds have recently modified their holdings of the business. Analog Century Management LP purchased a new stake in shares of Camtek in the second quarter valued at about $52,321,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in Camtek by 56.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,665,236 shares of the semiconductor company’s stock valued at $177,090,000 after purchasing an additional 604,097 shares during the period. Wasatch Advisors LP boosted its holdings in Camtek by 18.6% in the 2nd quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company’s stock valued at $296,529,000 after purchasing an additional 550,072 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its position 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 purchasing an additional 497,918 shares during the period. Finally, Millennium Management LLC raised its stake in shares of 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 buying an additional 301,484 shares in the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Camtek Price Performance

Camtek stock opened at $154.00 on Friday. The company’s 50 day simple moving average is $127.82 and its 200-day simple moving average is $110.17. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.52 and a current ratio of 7.58. Camtek has a 1 year low of $47.41 and a 1 year high of $157.50. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 171.11, a price-to-earnings-growth ratio of 3.24 and a beta of 1.57.

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.