Camtek Ltd. (NASDAQ:CAMT) Receives $110.57 Average PT from Analysts

Shares of Camtek Ltd. (NASDAQ:CAMT) have been given an average rating of “Buy” by the nine research firms that are presently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $109.88.

A number of analysts recently commented on the stock. StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Stifel Nicolaus reissued a “buy” rating and set a $105.00 price target on shares of Camtek in a research note on Thursday. Northland Securities upped their price target on Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $95.00 price objective on shares of Camtek in a report on Wednesday, November 13th.

Camtek Stock Performance

Shares of Camtek stock opened at $73.77 on Tuesday. The firm’s fifty day simple moving average is $77.90 and its 200-day simple moving average is $93.06. Camtek has a 12 month low of $60.90 and a 12 month high of $140.50. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 1.32 and a beta of 1.34. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. The business had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The company’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share. As a group, equities analysts forecast that Camtek will post 2.53 earnings per share for the current year.

Institutional Investors Weigh In On Camtek

A number of large investors have recently bought and sold shares of the stock. Ellsworth Advisors LLC raised its holdings in shares of Camtek by 3.4% in the second quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company’s stock worth $926,000 after acquiring an additional 245 shares during the last quarter. Blue Trust Inc. lifted its holdings in Camtek by 4.1% in the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock valued at $341,000 after purchasing an additional 108 shares in the last quarter. Petra Financial Advisors Inc. boosted its stake in shares of Camtek by 1.5% during the 2nd quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company’s stock worth $1,038,000 after purchasing an additional 120 shares during the last quarter. Zweig DiMenna Associates LLC grew its holdings in shares of Camtek by 18.0% during the second quarter. Zweig DiMenna Associates LLC now owns 196,750 shares of the semiconductor company’s stock worth $24,641,000 after buying an additional 30,050 shares in the last quarter. Finally, EFG Asset Management North America Corp. acquired a new position in shares of Camtek in the second quarter valued at approximately $1,431,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

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.