Camtek Ltd. (NASDAQ:CAMT) Given Consensus Rating of “Buy” by Analysts

Shares of Camtek Ltd. (NASDAQ:CAMT) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $110.57.

Several research analysts recently commented on CAMT shares. B. Riley reduced their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and set a $95.00 target price on shares of Camtek in a report on Wednesday. Northland Securities increased their target price on shares of Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday. Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Finally, StockNews.com cut shares of Camtek from a “hold” rating to a “sell” rating in a report on Tuesday.

Institutional Trading of Camtek

Institutional investors have recently modified their holdings of the company. Fred Alger Management LLC bought a new stake in shares of Camtek in the 2nd quarter valued at about $8,386,000. Meitav Investment House Ltd. grew its stake in Camtek by 14.1% during the 3rd quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company’s stock worth $29,887,000 after buying an additional 46,016 shares during the last quarter. Sei Investments Co. increased its position in Camtek by 41.5% during the 1st quarter. Sei Investments Co. now owns 94,473 shares of the semiconductor company’s stock valued at $7,914,000 after buying an additional 27,707 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Camtek in the second quarter valued at about $1,423,000. Finally, Tidal Investments LLC acquired a new stake in Camtek in the first quarter worth about $1,716,000. 41.93% of the stock is currently owned by institutional investors.

Camtek Trading Down 1.5 %

CAMT stock opened at $78.72 on Friday. The company has a market capitalization of $3.57 billion, a PE ratio of 36.28, a P/E/G ratio of 1.70 and a beta of 1.38. Camtek has a 12 month low of $59.33 and a 12 month high of $140.50. The firm’s 50-day moving average is $79.43 and its 200 day moving average is $95.64. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 4.29.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.84%. The firm’s revenue was up 39.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 EPS. On average, research analysts anticipate that Camtek will post 2.45 EPS for the current year.

About Camtek

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.