Camtek Ltd. (NASDAQ:CAMT) Receives $174.33 Average PT from Brokerages

Camtek Ltd. (NASDAQ:CAMT) has been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $174.3333.

CAMT has been the topic of several analyst reports. Needham & Company LLC upped their price target on shares of Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. The Goldman Sachs Group reiterated a “neutral” rating and set a $145.00 price target on shares of Camtek in a report on Wednesday, February 18th. Wall Street Zen upgraded shares of Camtek from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Oppenheimer boosted their price objective on shares of Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group boosted their price objective on shares of Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th.

Institutional Investors Weigh In On Camtek

Large investors have recently added to or reduced their stakes in the stock. Raiffeisen Bank International AG boosted its position in Camtek by 26.3% in the 4th quarter. Raiffeisen Bank International AG now owns 120,000 shares of the semiconductor company’s stock valued at $13,032,000 after buying an additional 25,000 shares during the period. Vanguard Group Inc. boosted its position in Camtek by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock valued at $116,615,000 after buying an additional 7,220 shares during the period. JPMorgan Chase & Co. boosted its position in Camtek by 42.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,694 shares of the semiconductor company’s stock valued at $5,430,000 after buying an additional 15,490 shares during the period. Ariose Capital Management Ltd purchased a new stake in Camtek in the 4th quarter valued at about $3,903,000. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management boosted its position in Camtek by 35.6% in the 4th quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 42,031 shares of the semiconductor company’s stock valued at $4,470,000 after buying an additional 11,031 shares during the period. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Stock Performance

Shares of NASDAQ:CAMT opened at $178.14 on Friday. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 204.76, a PEG ratio of 4.38 and a beta of 1.54. Camtek has a 12 month low of $72.54 and a 12 month high of $215.99. The firm’s 50-day moving average is $178.89 and its 200 day moving average is $154.27. The company has a current ratio of 8.35, a quick ratio of 7.46 and a debt-to-equity ratio of 0.71.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $121.66 million for the quarter, compared to the consensus estimate of $120.15 million. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 EPS. Research analysts predict that Camtek will post 3.14 EPS for the current 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.