Brokerages Set Camtek Ltd. (NASDAQ:CAMT) PT at $103.13

Camtek Ltd. (NASDAQ:CAMT) has earned an average rating of “Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $103.13.

CAMT has been the topic of several research analyst reports. StockNews.com downgraded shares of Camtek from a “hold” rating to a “sell” rating in a research note on Tuesday. Jefferies Financial Group dropped their price objective on Camtek from $120.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Barclays decreased their price target on Camtek from $120.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of Camtek in a research note on Thursday, February 13th. Finally, Bank of America cut their price target on Camtek from $105.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th.

Camtek Stock Down 0.9%

CAMT stock opened at $68.61 on Friday. The firm has a market cap of $3.13 billion, a PE ratio of 28.35, a PEG ratio of 1.89 and a beta of 1.36. The company has a fifty day simple moving average of $62.90 and a 200 day simple moving average of $75.63. Camtek has a 1 year low of $47.41 and a 1 year high of $140.50. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT) last released its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Sell-side analysts anticipate that Camtek will post 2.93 EPS for the current fiscal year.

Institutional Trading of Camtek

A number of large investors have recently made changes to their positions in CAMT. Caitong International Asset Management Co. Ltd bought a new stake in Camtek in the 1st quarter valued at $31,000. Jones Financial Companies Lllp increased its position in Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after buying an additional 324 shares during the last quarter. 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 valued at $33,000 after acquiring an additional 123 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Camtek during the 3rd quarter worth about $53,000. Finally, State of Wyoming boosted its holdings in shares of Camtek by 146.2% during the fourth 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. 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.