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

Camtek Ltd. (NASDAQ:CAMT) has been given an average recommendation of “Buy” by the ten brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $114.11.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Camtek by 10.2% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,670,000 shares of the semiconductor company’s stock worth $135,743,000 after buying an additional 154,548 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its position in shares of Camtek by 81.8% during the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company’s stock worth $126,521,000 after acquiring an additional 705,000 shares during the last quarter. Wasatch Advisors LP lifted its stake in shares of Camtek by 311.8% in the fourth quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company’s stock worth $96,341,000 after acquiring an additional 903,126 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Camtek by 32.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company’s stock valued at $91,711,000 after purchasing an additional 279,000 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Camtek by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company’s stock valued at $80,028,000 after purchasing an additional 14,702 shares in the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Camtek Stock Down 2.6 %

CAMT opened at $66.05 on Thursday. Camtek has a 12 month low of $62.13 and a 12 month high of $140.50. The business has a 50-day moving average of $82.32 and a two-hundred day moving average of $80.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last released its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. On average, research analysts expect that Camtek will post 2.93 earnings per share 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.