Camtek Ltd. (NASDAQ:CAMT) Receives $103.13 Average PT from Brokerages

Camtek Ltd. (NASDAQ:CAMT) has been assigned an average recommendation of “Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $103.13.

Several research analysts have recently issued reports on CAMT shares. StockNews.com downgraded Camtek from a “hold” rating to a “sell” rating in a research note on Tuesday. Bank of America decreased their target price on shares of Camtek from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Barclays lowered their price target on Camtek from $120.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Needham & Company LLC restated a “buy” rating and set a $110.00 target price on shares of Camtek in a report on Thursday, February 13th. Finally, Jefferies Financial Group dropped their price objective on shares of Camtek from $120.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, March 28th.

Institutional Investors Weigh In On Camtek

A number of institutional investors have recently made changes to their positions in CAMT. HighTower Advisors LLC lifted its stake in Camtek by 75.6% in the fourth quarter. HighTower Advisors LLC now owns 9,926 shares of the semiconductor company’s stock valued at $802,000 after buying an additional 4,272 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in Camtek by 1.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 25,150 shares of the semiconductor company’s stock worth $2,031,000 after acquiring an additional 381 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Camtek by 9.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company’s stock worth $77,852,000 after purchasing an additional 81,709 shares in the last quarter. Y.D. More Investments Ltd boosted its stake in shares of Camtek by 6.0% during the 4th quarter. Y.D. More Investments Ltd now owns 525,413 shares of the semiconductor company’s stock worth $42,905,000 after acquiring an additional 29,580 shares in the last quarter. Finally, Swiss National Bank raised its holdings in Camtek by 2.4% during the 4th quarter. Swiss National Bank now owns 59,008 shares of the semiconductor company’s stock worth $4,813,000 after buying an additional 1,369 shares during the period. 41.93% of the stock is currently owned by institutional investors.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $68.61 on Friday. The company has a market cap of $3.13 billion, a PE ratio of 28.35, a P/E/G ratio of 1.89 and a beta of 1.36. The stock has a fifty day moving average price of $62.90 and a 200 day moving average price of $75.63. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. Camtek has a 1-year low of $47.41 and a 1-year high of $140.50.

Camtek (NASDAQ:CAMT) last released its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 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%. Sell-side analysts forecast that Camtek will post 2.93 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.