Camtek Ltd. (NASDAQ:CAMT) Receives $166.75 Average Price Target from Analysts

Camtek Ltd. (NASDAQ:CAMT) has been assigned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $166.75.

A number of research firms have recently commented on CAMT. Zacks Research raised shares of Camtek from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Morgan Stanley upped their price target on shares of Camtek from $151.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Camtek in a research note on Monday, December 29th. Needham & Company LLC boosted their price objective on shares of Camtek from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $120.00 target price on shares of Camtek in a report on Tuesday, December 16th.

Hedge Funds Weigh In On Camtek

Several hedge funds and other institutional investors have recently modified their holdings of CAMT. Lifestyle Asset Management Inc. increased its position in Camtek by 2.5% during the 4th quarter. Lifestyle Asset Management Inc. now owns 4,764 shares of the semiconductor company’s stock worth $507,000 after purchasing an additional 115 shares in the last quarter. Blue Trust Inc. grew its stake in Camtek by 2.8% during the third quarter. Blue Trust Inc. now owns 5,877 shares of the semiconductor company’s stock worth $617,000 after buying an additional 161 shares during the period. Geode Capital Management LLC grew its stake in Camtek by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 39,576 shares of the semiconductor company’s stock worth $4,209,000 after buying an additional 162 shares during the period. Advisors Asset Management Inc. increased its position in shares of Camtek by 23.8% in the second quarter. Advisors Asset Management Inc. now owns 952 shares of the semiconductor company’s stock worth $81,000 after acquiring an additional 183 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of Camtek by 202.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 200 shares during the period. 41.93% of the stock is owned by institutional investors and hedge funds.

Camtek Stock Performance

Shares of Camtek stock opened at $157.73 on Monday. Camtek has a fifty-two week low of $47.41 and a fifty-two week high of $180.83. The business’s fifty day moving average is $156.87 and its two-hundred day moving average is $130.09. The company has a quick ratio of 7.31, a current ratio of 8.35 and a debt-to-equity ratio of 0.84. The firm has a market cap of $7.23 billion, a PE ratio of 167.80, a P/E/G ratio of 3.71 and a beta of 1.56.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). Camtek had a net margin of 10.23% and a return on equity of 23.61%. The business had revenue of $128.12 million during the quarter, compared to analysts’ expectations of $127.10 million. During the same period in the prior year, the firm earned $0.77 EPS. Camtek’s revenue for the quarter was up 9.2% on a year-over-year basis. Analysts anticipate that Camtek will post 2.93 earnings per share for the current year.

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.