Camtek Ltd. (NASDAQ:CAMT) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Camtek Ltd. (NASDAQ:CAMT) have been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $174.6667.

Several research firms have commented on CAMT. B. Riley Financial reaffirmed a “buy” rating on shares of Camtek in a research report on Monday, April 20th. Jefferies Financial Group increased their price objective on Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Needham & Company LLC raised their target price on shares of Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings upgraded shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 14th. Finally, Morgan Stanley lifted their target price on shares of Camtek from $163.00 to $167.00 and gave the company an “equal weight” rating in a report on Monday, July 6th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Raiffeisen Bank International AG boosted its stake in shares of Camtek by 26.3% during the fourth quarter. Raiffeisen Bank International AG now owns 120,000 shares of the semiconductor company’s stock worth $13,032,000 after buying an additional 25,000 shares during the period. Vanguard Group Inc. grew its holdings in shares of Camtek by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock worth $116,615,000 after buying an additional 7,220 shares during the last quarter. Ariose Capital Management Ltd acquired a new position in Camtek in the 4th quarter valued at about $3,903,000. Y.D. More Investments Ltd raised its stake in Camtek by 20.8% during the 1st quarter. Y.D. More Investments Ltd now owns 783,365 shares of the semiconductor company’s stock valued at $114,901,000 after acquiring an additional 134,791 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in Camtek by 12.0% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock valued at $140,205,000 after acquiring an additional 140,796 shares during the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Stock Performance

Shares of CAMT stock opened at $155.35 on Friday. The stock’s 50-day moving average is $159.00 and its two-hundred day moving average is $162.95. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 178.57, a PEG ratio of 3.73 and a beta of 1.58. Camtek has a 1 year low of $75.75 and a 1 year high of $215.99. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.46 and a current ratio of 8.35.

Camtek (NASDAQ:CAMT) last posted its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. The business had revenue of $121.66 million during the quarter, compared to the consensus estimate of $120.15 million. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.79 EPS. Analysts predict that Camtek will post 3.14 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.