Camtek Ltd. (NASDAQ:CAMT) Receives $116.57 Average PT from Brokerages

Shares of Camtek Ltd. (NASDAQ:CAMT) have been given an average recommendation of “Buy” by the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $116.57.

A number of equities research analysts have recently issued reports on CAMT shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Camtek in a research note on Friday, August 2nd. Northland Securities raised shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price objective for the company in a research note on Monday, August 5th. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. StockNews.com lowered shares of Camtek from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. Finally, B. Riley lowered their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, August 2nd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CAMT. PNC Financial Services Group Inc. raised its holdings in Camtek by 17.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock worth $158,000 after purchasing an additional 340 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Camtek by 5.7% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 882,165 shares of the semiconductor company’s stock worth $73,899,000 after purchasing an additional 47,900 shares in the last quarter. Jennison Associates LLC raised its holdings in Camtek by 383.1% in the 1st quarter. Jennison Associates LLC now owns 23,015 shares of the semiconductor company’s stock worth $1,928,000 after purchasing an additional 18,251 shares in the last quarter. Swiss National Bank raised its holdings in Camtek by 1.3% in the 1st quarter. Swiss National Bank now owns 58,287 shares of the semiconductor company’s stock worth $4,850,000 after purchasing an additional 750 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Camtek by 41.5% in the 1st quarter. Sei Investments Co. now owns 94,473 shares of the semiconductor company’s stock worth $7,914,000 after purchasing an additional 27,707 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors.

Camtek Price Performance

Shares of Camtek stock opened at $78.94 on Monday. Camtek has a 52-week low of $49.64 and a 52-week high of $140.50. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 44.60, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. The company has a fifty day moving average of $83.86 and a 200-day moving average of $95.63. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The company had revenue of $102.60 million during the quarter, compared to analysts’ expectations of $101.26 million. During the same quarter in the prior year, the company earned $0.38 EPS. The firm’s revenue was up 39.4% on a year-over-year basis. Equities research analysts expect that Camtek will post 2.45 EPS for the current year.

About Camtek

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.