Camtek Ltd. (NASDAQ:CAMT) Receives $166.75 Average PT from Analysts

Camtek Ltd. (NASDAQ:CAMT) has earned a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $166.75.

A number of equities research analysts have weighed in on CAMT shares. Wall Street Zen upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. The Goldman Sachs Group restated a “neutral” rating and issued a $145.00 price objective on shares of Camtek in a report on Wednesday, February 18th. Needham & Company LLC increased their price objective on shares of Camtek from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. B. Riley Financial lifted their target price on shares of Camtek from $145.00 to $175.00 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, Bank of America boosted their target price on Camtek from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th.

Institutional Investors Weigh In On Camtek

Several institutional investors and hedge funds have recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its stake in Camtek by 202.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. Advisory Services Network LLC acquired a new position in Camtek in the 3rd quarter valued at about $32,000. Advisors Asset Management Inc. grew its position in Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 293 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Camtek during the fourth quarter worth about $52,000. Finally, Rothschild Investment LLC purchased a new stake in Camtek during the third quarter worth about $54,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Stock Performance

Shares of Camtek stock opened at $158.70 on Monday. The firm has a market cap of $7.27 billion, a PE ratio of 168.83, a price-to-earnings-growth ratio of 3.57 and a beta of 1.56. The company has a quick ratio of 7.31, a current ratio of 8.35 and a debt-to-equity ratio of 0.84. Camtek has a 52 week low of $47.41 and a 52 week high of $180.83. The business’s fifty day simple moving average is $156.29 and its 200-day simple moving average is $128.81.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). The business had revenue of $128.12 million for the quarter, compared to analyst estimates of $127.10 million. Camtek had a return on equity of 23.61% and a net margin of 10.23%.The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 earnings per share. Equities analysts forecast that Camtek will post 2.93 earnings per share for the current year.

About Camtek

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high?resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.