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

Shares of Camtek Ltd. (NASDAQ:CAMT) have received an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $174.6667.

A number of research analysts have recently weighed in on the company. Jefferies Financial Group raised their price target on Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Weiss Ratings upgraded shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 14th. Barclays upped their price target on shares of Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Needham & Company LLC lifted their price objective on Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Oppenheimer upped their target price on Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th.

Camtek Stock Performance

CAMT opened at $149.67 on Friday. The stock has a market cap of $6.98 billion, a P/E ratio of 172.04, a P/E/G ratio of 3.54 and a beta of 1.58. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.35 and a quick ratio of 7.46. The stock’s 50 day simple moving average is $159.33 and its 200 day simple moving average is $163.00. Camtek has a 1-year low of $75.75 and a 1-year high of $215.99.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $120.15 million. Camtek had a return on equity of 22.26% and a net margin of 9.63%.Camtek’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. As a group, equities analysts anticipate that Camtek will post 3.14 EPS for the current fiscal year.

Institutional Trading of Camtek

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its position in Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 293 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Camtek by 12.1% in the 1st 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 last quarter. Geode Capital Management LLC lifted its holdings in Camtek by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company’s stock valued at $3,333,000 after purchasing an additional 279 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Camtek by 4.7% in the 2nd quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock valued at $409,000 after purchasing an additional 217 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of 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 purchasing an additional 20,237 shares during the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

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.