Brokerages Set Camtek Ltd. (NASDAQ:CAMT) Price Target at $174.67

Shares of Camtek Ltd. (NASDAQ:CAMT) have been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $174.6667.

A number of equities analysts have issued reports on the company. Northland Securities set a $174.00 target price on Camtek in a report on Wednesday, May 13th. Morgan Stanley lifted their price target on Camtek from $163.00 to $167.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Weiss Ratings upgraded Camtek from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 14th. Needham & Company LLC upped their price objective on Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Camtek in a research note on Monday, April 20th.

Hedge Funds Weigh In On Camtek

Several large investors have recently modified their holdings of CAMT. Advisors Asset Management Inc. lifted its holdings in shares of Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 293 shares during the period. Goldman Sachs Group Inc. increased its holdings in Camtek by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company’s stock valued at $8,749,000 after purchasing an additional 16,117 shares during the period. Geode Capital Management LLC raised its position in Camtek by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company’s stock worth $3,333,000 after purchasing an additional 279 shares during the last quarter. Cetera Investment Advisers raised its position in Camtek by 4.7% during the 2nd quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock worth $409,000 after purchasing an additional 217 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Camtek by 8.3% during the 2nd quarter. Invesco Ltd. now owns 263,836 shares of the semiconductor company’s stock worth $22,310,000 after buying an additional 20,237 shares during the period. Institutional investors own 41.93% of the company’s stock.

Camtek Stock Performance

NASDAQ CAMT opened at $151.62 on Friday. The firm’s fifty day moving average price is $160.27 and its two-hundred day moving average price is $162.95. The stock has a market cap of $7.07 billion, a PE ratio of 174.28, a PEG ratio of 3.36 and a beta of 1.58. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.46 and a current ratio of 8.35. Camtek has a fifty-two week low of $75.75 and a fifty-two week high of $215.99.

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

Camtek Company Profile

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.