Analysts Set Camtek Ltd. (NASDAQ:CAMT) Price Target at $174.33

Camtek Ltd. (NASDAQ:CAMT) has received an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $174.3333.

A number of brokerages recently weighed in on CAMT. B. Riley Financial restated a “buy” rating on shares of Camtek in a report on Monday, April 20th. Needham & Company LLC boosted their price objective on shares of Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings upgraded shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 14th. Morgan Stanley boosted their price objective on shares of Camtek from $161.00 to $163.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Finally, Evercore restated an “outperform” rating and issued a $200.00 price objective on shares of Camtek in a report on Wednesday, May 13th.

Camtek Stock Performance

Shares of CAMT opened at $167.37 on Tuesday. The company has a quick ratio of 7.46, a current ratio of 8.35 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average price is $173.12 and its 200-day moving average price is $145.04. Camtek has a 52 week low of $62.88 and a 52 week high of $215.99. The stock has a market cap of $7.67 billion, a P/E ratio of 192.38, a P/E/G ratio of 4.03 and a beta of 1.61.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The firm had revenue of $121.66 million for the quarter, compared to analysts’ expectations of $120.15 million. During the same period in the previous year, the firm posted $0.79 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts anticipate that Camtek will post 3.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camtek

A number of hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in Camtek by 46.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 95 shares during the last quarter. Lifestyle Asset Management Inc. raised its stake in Camtek by 2.5% during the 4th quarter. Lifestyle Asset Management Inc. now owns 4,764 shares of the semiconductor company’s stock valued at $507,000 after buying an additional 115 shares during the last quarter. Geode Capital Management LLC raised its stake in Camtek by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 39,576 shares of the semiconductor company’s stock valued at $4,209,000 after buying an additional 162 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Camtek by 202.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 200 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in Camtek by 4.7% during the 2nd quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock valued at $409,000 after buying an additional 217 shares during the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

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.