Analysts Set Camtek Ltd. (NASDAQ:CAMT) PT at $110.57

Camtek Ltd. (NASDAQ:CAMT) has received an average recommendation of “Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $110.57.

A number of research analysts recently commented on CAMT shares. B. Riley reduced their target price on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. StockNews.com cut Camtek from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. Northland Securities upped their target price on Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Needham & Company LLC reissued a “buy” rating and set a $95.00 price target on shares of Camtek in a research note on Wednesday, November 13th. Finally, Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Camtek by 21.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock valued at $121,734,000 after buying an additional 268,258 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Camtek by 7.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock worth $68,388,000 after buying an additional 60,088 shares during the period. Two Sigma Advisers LP boosted its position in Camtek by 107.5% during the 3rd quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock valued at $57,548,000 after acquiring an additional 373,400 shares in the last quarter. Hood River Capital Management LLC boosted its position in Camtek by 1.9% during the 1st quarter. Hood River Capital Management LLC now owns 691,780 shares of the semiconductor company’s stock valued at $57,950,000 after acquiring an additional 13,094 shares in the last quarter. Finally, Y.D. More Investments Ltd grew its holdings in shares of Camtek by 723.7% during the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock worth $78,709,000 after acquiring an additional 550,854 shares during the period. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Stock Down 5.9 %

Shares of NASDAQ CAMT opened at $74.07 on Friday. The company has a current ratio of 5.28, a quick ratio of 4.29 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average of $79.27 and a 200-day moving average of $95.68. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 1.39 and a beta of 1.38. Camtek has a 12 month low of $59.33 and a 12 month high of $140.50.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. The business had revenue of $112.30 million during the quarter, compared to analyst estimates of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. Camtek’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 earnings per share. Sell-side analysts expect that Camtek will post 2.45 earnings per share for the current fiscal year.

Camtek Company Profile

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.