Analysts Set Camtek Ltd. (NASDAQ:CAMT) Price Target at $114.11

Camtek Ltd. (NASDAQ:CAMT) has been assigned an average rating of “Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $114.11.

Several brokerages have commented on CAMT. Barclays decreased their target price on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Camtek in a research note on Thursday, February 13th. Cantor Fitzgerald started coverage on shares of Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 price objective on the stock. Northland Securities increased their target price on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th.

Camtek Price Performance

Shares of NASDAQ:CAMT opened at $76.85 on Friday. The company has a market capitalization of $3.49 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 1.89 and a beta of 1.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. The stock has a fifty day moving average of $88.33 and a 200-day moving average of $83.56. Camtek has a one year low of $69.83 and a one year high of $140.50.

Camtek (NASDAQ:CAMT) last announced its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. As a group, equities analysts anticipate that Camtek will post 2.93 EPS for the current fiscal year.

Institutional Trading of Camtek

Several hedge funds and other institutional investors have recently modified their holdings of CAMT. Wasatch Advisors LP grew its stake in Camtek by 311.8% in the fourth quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company’s stock valued at $96,341,000 after purchasing an additional 903,126 shares in the last quarter. Menora Mivtachim Holdings LTD. raised its stake in shares of Camtek by 81.8% during the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company’s stock worth $126,521,000 after purchasing an additional 705,000 shares in the last quarter. Meitav Investment House Ltd. lifted its holdings in shares of Camtek by 119.3% during the 4th quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company’s stock valued at $66,159,000 after buying an additional 445,079 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Camtek in the 4th quarter valued at approximately $30,956,000. Finally, Two Sigma Advisers LP increased its holdings in Camtek by 107.5% in the third quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock worth $57,548,000 after buying an additional 373,400 shares during the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

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.