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

Shares of Camtek Ltd. (NASDAQ:CAMT) have been given a consensus rating of “Buy” by the nine research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $107.50.

A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Camtek from a “hold” rating to a “sell” rating in a research report on Monday, April 14th. Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Camtek in a research report on Thursday, February 13th. Northland Securities raised their price target on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Bank of America lowered their price objective on shares of Camtek from $105.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Barclays cut their target price on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, January 17th.

Institutional Trading of Camtek

Hedge funds and other institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC boosted its holdings in shares of Camtek by 75.6% during the fourth quarter. HighTower Advisors LLC now owns 9,926 shares of the semiconductor company’s stock worth $802,000 after purchasing an additional 4,272 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in Camtek by 1.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 25,150 shares of the semiconductor company’s stock valued at $2,031,000 after buying an additional 381 shares during the period. Wellington Management Group LLP increased its stake in shares of Camtek by 3,300.3% during the 3rd quarter. Wellington Management Group LLP now owns 102,078 shares of the semiconductor company’s stock valued at $8,154,000 after acquiring an additional 99,076 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Camtek by 77.3% during the 3rd quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company’s stock worth $252,000 after acquiring an additional 1,374 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Camtek by 9.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company’s stock worth $77,852,000 after acquiring an additional 81,709 shares during the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Stock Up 4.2 %

Camtek stock opened at $60.37 on Monday. The stock’s 50 day moving average price is $67.65 and its 200 day moving average price is $77.53. Camtek has a 1-year low of $47.41 and a 1-year high of $140.50. The company has a market cap of $2.75 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11.

Camtek (NASDAQ:CAMT) last issued its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. On average, sell-side analysts predict that Camtek will post 2.93 EPS for the current fiscal 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.