Brokerages Set Camtek Ltd. (NASDAQ:CAMT) Target Price at $109.88

Shares of Camtek Ltd. (NASDAQ:CAMT) have earned a consensus recommendation of “Buy” from the nine ratings firms that are covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $112.13.

CAMT has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $95.00 price objective on shares of Camtek in a research note on Wednesday, November 13th. Stifel Nicolaus restated a “buy” rating and set a $105.00 price target on shares of Camtek in a research report on Thursday, December 12th. StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Northland Securities boosted their target price on shares of Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday.

Camtek Stock Performance

NASDAQ CAMT opened at $90.86 on Friday. The company has a fifty day moving average price of $78.24 and a 200-day moving average price of $89.18. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 41.87, a PEG ratio of 1.36 and a beta of 1.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36. Camtek has a 1 year low of $67.67 and a 1 year high of $140.50.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The business had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. During the same period in the prior year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. As a group, equities research analysts predict that Camtek will post 2.53 EPS for the current fiscal year.

Institutional Trading of Camtek

Several hedge funds and other institutional investors have recently modified their holdings of CAMT. Bank of New York Mellon Corp raised its holdings in Camtek by 551.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,864 shares of the semiconductor company’s stock valued at $2,237,000 after acquiring an additional 15,120 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Camtek by 49.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,484 shares of the semiconductor company’s stock valued at $687,000 after purchasing an additional 1,805 shares during the period. Van ECK Associates Corp lifted its holdings in Camtek by 9.9% during the 2nd quarter. Van ECK Associates Corp now owns 9,413 shares of the semiconductor company’s stock worth $1,179,000 after purchasing an additional 848 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in Camtek by 723.7% during the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock worth $78,709,000 after purchasing an additional 550,854 shares in the last quarter. Finally, O Neil Global Advisors Inc. bought a new position in Camtek in the 2nd quarter worth about $627,000. Institutional investors own 41.93% of the company’s stock.

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.