Camtek Ltd. (NASDAQ:CAMT) Receives $137.17 Average Target Price from Analysts

Shares of Camtek Ltd. (NASDAQ:CAMT) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $137.1667.

A number of brokerages have commented on CAMT. Jefferies Financial Group increased their price target on shares of Camtek from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Needham & Company LLC raised their target price on shares of Camtek from $135.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. B. Riley Financial lifted their price target on Camtek from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Bank of America upped their price objective on Camtek from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Camtek in a research report on Monday, December 29th.

Hedge Funds Weigh In On Camtek

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAMT. Advisors Asset Management Inc. raised its position in shares of Camtek by 61.6% in the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 293 shares during the period. Goldman Sachs Group Inc. grew its stake in Camtek by 12.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company’s stock valued at $8,749,000 after buying an additional 16,117 shares during the last quarter. Blue Trust Inc. grew its stake in Camtek by 34.9% in the 2nd quarter. Blue Trust Inc. now owns 5,716 shares of the semiconductor company’s stock valued at $483,000 after buying an additional 1,479 shares during the last quarter. Aberdeen Group plc raised its holdings in Camtek by 12.0% in the 2nd quarter. Aberdeen Group plc now owns 217,189 shares of the semiconductor company’s stock valued at $18,463,000 after acquiring an additional 23,218 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Camtek by 58.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,273 shares of the semiconductor company’s stock worth $700,000 after acquiring an additional 3,061 shares during the last quarter. 41.93% of the stock is owned by institutional investors.

Camtek Trading Down 1.9%

NASDAQ CAMT opened at $155.38 on Friday. The company has a market cap of $7.08 billion, a PE ratio of 172.64, a PEG ratio of 3.41 and a beta of 1.57. The company has a current ratio of 7.58, a quick ratio of 6.52 and a debt-to-equity ratio of 0.90. Camtek has a 12 month low of $47.41 and a 12 month high of $164.21. The stock has a 50 day moving average of $129.39 and a 200-day moving average of $110.82.

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.