Camtek Ltd. (NASDAQ:CAMT) Given Consensus Rating of “Buy” by Analysts

Camtek Ltd. (NASDAQ:CAMT) has been given a consensus recommendation of “Buy” by the seven research firms that are covering the stock, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $71.14.

Several analysts recently weighed in on CAMT shares. Barclays raised their price objective on Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. B. Riley reaffirmed a “buy” rating and issued a $102.00 price objective on shares of Camtek in a research note on Tuesday, March 26th.

Institutional Investors Weigh In On Camtek

A number of hedge funds have recently added to or reduced their stakes in CAMT. Nomura Holdings Inc. acquired a new position in shares of Camtek during the fourth quarter worth approximately $472,000. Quadrature Capital Ltd raised its position in shares of Camtek by 602.2% during the fourth quarter. Quadrature Capital Ltd now owns 154,209 shares of the semiconductor company’s stock worth $10,704,000 after purchasing an additional 132,248 shares during the period. PNC Financial Services Group Inc. grew its holdings in Camtek by 17.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock worth $158,000 after buying an additional 340 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Camtek by 46.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 171,541 shares of the semiconductor company’s stock worth $11,902,000 after buying an additional 54,518 shares in the last quarter. Finally, TT International Asset Management LTD bought a new stake in Camtek during the fourth quarter worth $13,105,000. 41.93% of the stock is currently owned by institutional investors.

Camtek Stock Down 0.4 %

CAMT opened at $81.92 on Thursday. Camtek has a 1-year low of $24.81 and a 1-year high of $90.54. The stock’s fifty day simple moving average is $81.04 and its 200 day simple moving average is $69.29. The company has a current ratio of 5.66, a quick ratio of 4.77 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.68 billion, a PE ratio of 50.57, a price-to-earnings-growth ratio of 2.88 and a beta of 1.41.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.04. The firm had revenue of $88.70 million for the quarter, compared to analysts’ expectations of $88.02 million. Camtek had a return on equity of 18.92% and a net margin of 24.93%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. As a group, research analysts expect that Camtek will post 2.12 earnings per share for the current year.

Camtek Announces Dividend

The firm also recently announced a Variable dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th will be issued a $1.33 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd.

About Camtek

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry.