Brokerages Set Camtek Ltd. (NASDAQ:CAMT) Price Target at $109.88

Camtek Ltd. (NASDAQ:CAMT) has been assigned an average recommendation of “Buy” from the nine analysts that are covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $109.88.

Several brokerages recently commented on CAMT. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Stifel Nicolaus reissued a “buy” rating and set a $105.00 target price on shares of Camtek in a research note on Thursday, December 12th. Northland Securities increased their price objective on shares of Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Camtek in a research report on Wednesday, November 13th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Tidal Investments LLC raised its holdings in shares of Camtek by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 20,914 shares of the semiconductor company’s stock valued at $1,670,000 after purchasing an additional 914 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Camtek in the third quarter valued at approximately $53,000. Virtu Financial LLC lifted its position in shares of Camtek by 104.7% in the third quarter. Virtu Financial LLC now owns 8,302 shares of the semiconductor company’s stock valued at $663,000 after buying an additional 4,247 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Camtek during the 3rd quarter worth approximately $6,481,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of Camtek by 407.4% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 9,234 shares of the semiconductor company’s stock worth $737,000 after acquiring an additional 7,414 shares during the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Camtek Stock Up 7.0 %

Shares of Camtek stock opened at $88.50 on Friday. The business has a fifty day simple moving average of $78.09 and a 200 day simple moving average of $89.35. The stock has a market cap of $4.01 billion, a PE ratio of 40.78, a price-to-earnings-growth ratio of 1.36 and a beta of 1.33. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38. Camtek has a 12 month low of $67.67 and a 12 month high of $140.50.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The company 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%. Camtek’s revenue was up 39.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. Research analysts predict that Camtek will post 2.53 EPS for the current 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.