Analysts Set Camtek Ltd. (NASDAQ:CAMT) PT at $114.11

Shares of Camtek Ltd. (NASDAQ:CAMT) have been assigned an average recommendation of “Buy” from the ten brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $114.11.

Several brokerages recently issued reports on CAMT. StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price target on shares of Camtek in a research report on Thursday, February 13th. Cantor Fitzgerald assumed coverage on Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 price objective on the stock. Northland Securities boosted their target price on shares of Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Barclays lowered 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.

Camtek Stock Performance

Shares of Camtek stock opened at $74.52 on Friday. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average price is $87.91 and its 200-day moving average price is $83.35. The firm has a market cap of $3.38 billion, a P/E ratio of 30.79, a P/E/G ratio of 1.89 and a beta of 1.34. Camtek has a 12 month low of $69.83 and a 12 month high of $140.50.

Camtek (NASDAQ:CAMT) last posted 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%. On average, equities research analysts expect that Camtek will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Camtek

Institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its stake in Camtek by 78.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Camtek by 364.0% in the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 324 shares during the period. Huntington National Bank raised its stake in Camtek by 42.4% in the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Camtek in the 3rd quarter worth $53,000. Finally, State of Wyoming lifted its position in Camtek by 146.2% during the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock worth $163,000 after acquiring an additional 1,200 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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.