Camtek Ltd. (NASDAQ:CAMT) Receives $173.25 Consensus Price Target from Analysts

Shares of Camtek Ltd. (NASDAQ:CAMT) have received an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $177.8333.

CAMT has been the subject of a number of research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $175.00 price objective on shares of Camtek in a report on Tuesday. Morgan Stanley decreased their price objective on shares of Camtek from $167.00 to $165.00 and set an “equal weight” rating for the company in a report on Tuesday, August 11th. Stifel Nicolaus set a $170.00 price target on Camtek in a report on Monday, August 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Camtek in a report on Tuesday, August 11th.

Camtek Stock Down 2.8%

CAMT stock opened at $147.06 on Monday. The stock has a market capitalization of $6.86 billion, a P/E ratio of 229.78, a PEG ratio of 3.26 and a beta of 1.56. The company has a debt-to-equity ratio of 0.69, a quick ratio of 6.58 and a current ratio of 7.38. Camtek has a one year low of $91.91 and a one year high of $215.99. The company has a 50 day moving average price of $147.42 and a two-hundred day moving average price of $161.74.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Monday, August 10th. The semiconductor company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. Camtek had a return on equity of 21.58% and a net margin of 7.40%.The company had revenue of $133.24 million for the quarter, compared to analyst estimates of $130.44 million. During the same quarter in the prior year, the company posted $0.79 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, sell-side analysts expect that Camtek will post 3.27 EPS for the current year.

Insider Activity

In related news, Director Lior Aviram sold 3,347 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $162.99, for a total value of $545,527.53. Following the completion of the sale, the director directly owned 15,865 shares of the company’s stock, valued at approximately $2,585,836.35. This represents a 17.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Ram Langer sold 6,387 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $172.32, for a total value of $1,100,607.84. Following the sale, the chief operating officer owned 17,532 shares of the company’s stock, valued at $3,021,114.24. The trade was a 26.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,843 shares of company stock valued at $4,514,249 in the last ninety days. Corporate insiders own 79.40% of the company’s stock.

Institutional Trading of Camtek

A number of hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc grew its holdings in shares of Camtek by 576.7% during the 2nd quarter. IFP Advisors Inc now owns 203 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 173 shares in the last quarter. Fifth Third Bancorp acquired a new position in Camtek in the first quarter worth about $42,000. EverSource Wealth Advisors LLC boosted its holdings in Camtek by 46.8% during the first quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 95 shares in the last quarter. Compass Financial Management LLC bought a new stake in shares of Camtek in the 2nd quarter valued at approximately $57,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Camtek in the 4th quarter worth approximately $63,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is an Israel-based semiconductor equipment company that develops, manufactures and sells automated inspection and metrology systems. Its technologies are used to detect defects, measure wafer and package characteristics, and support process control during semiconductor manufacturing and advanced packaging.

The company’s product portfolio includes inspection systems for wafers, substrates and semiconductor packages, as well as metrology solutions and related software.