Camtek Ltd. (NASDAQ:CAMT) Stock Has Average Target Price of $176.75 According to Brokerages

Shares of Camtek Ltd. (NASDAQ:CAMT) have been assigned an average rating of “Moderate Buy” from the fourteen analysts that are covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $174.33.

Several analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Camtek in a report on Tuesday, August 11th. Cantor Fitzgerald restated a “neutral” rating and set a $175.00 price objective on shares of Camtek in a research report on Tuesday, September 22nd. Needham & Company LLC dropped their price objective on Camtek from $190.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, October 16th. Stifel Nicolaus set a $170.00 price target on shares of Camtek in a research note on Monday, August 10th. Finally, B. Riley Financial dropped their price objective on shares of Camtek from $200.00 to $166.00 and set a “buy” rating on the stock in a report on Tuesday.

Insiders Place Their Bets

In other Camtek news, CEO Rafi Amit sold 6,250 shares of Camtek stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $170.52, for a total transaction of $1,065,750.00. Following the completion of the transaction, the chief executive officer owned 55,350 shares in the company, valued at approximately $9,438,282. The trade was a 10.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Orit Geva-Dvash sold 508 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $175.00, for a total transaction of $88,900.00. Following the transaction, the vice president directly owned 5,205 shares in the company, valued at $910,875. The trade was a 8.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,843 shares of company stock worth $4,514,249 in the last quarter. Insiders own 79.40% of the company’s stock.

Institutional Trading of Camtek

Hedge funds and other institutional investors have recently modified their holdings of the business. IFP Advisors Inc lifted its stake in shares of Camtek by 576.7% during the 2nd quarter. IFP Advisors Inc now owns 203 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 173 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Camtek in the first quarter worth $42,000. EverSource Wealth Advisors LLC grew its holdings in Camtek by 46.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 95 shares in the last quarter. Compass Financial Management LLC bought a new stake in shares of Camtek during the second quarter valued at about $57,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Camtek during the fourth quarter valued at about $63,000. Institutional investors own 41.93% of the company’s stock.

Camtek Stock Performance

Shares of Camtek stock opened at $119.48 on Friday. The company’s 50 day moving average price is $144.85 and its two-hundred day moving average price is $159.49. The firm has a market capitalization of $5.57 billion, a P/E ratio of 186.69, a P/E/G ratio of 2.65 and a beta of 1.56. Camtek has a fifty-two week low of $91.91 and a fifty-two week high of $215.99. The company has a debt-to-equity ratio of 0.69, a current ratio of 7.38 and a quick ratio of 6.58.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Monday, August 10th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02. Camtek had a net margin of 7.40% and a return on equity of 21.58%. The company had revenue of $133.24 million during the quarter, compared to the consensus estimate of $130.44 million. During the same period in the prior year, the business earned $0.79 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts forecast that Camtek will post 3.29 earnings per share for the current fiscal year.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is an Israel-based provider of inspection and metrology equipment for the semiconductor industry. The company develops and manufactures systems that help chipmakers detect defects, measure manufacturing processes, and improve production yields during the fabrication and packaging of semiconductor devices.

Its product portfolio includes automated optical inspection and metrology systems for wafers, substrates, and packaged devices, along with inspection solutions for advanced packaging, memory, image sensors, and other specialty semiconductor applications.