Camtek Ltd. (NASDAQ:CAMT) Receives $173.25 Average Target Price from Analysts

Camtek Ltd. (NASDAQ:CAMT) has earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com 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 updated their coverage on the stock in the last year is $173.25.

Several research analysts recently weighed in on CAMT shares. Evercore reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Camtek in a research report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Camtek in a research report on Tuesday, August 11th. Oppenheimer upped their price target on Camtek from $180.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Barclays raised their price objective on Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Finally, Needham & Company LLC boosted their target price on Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th.

Camtek Price Performance

Camtek stock opened at $134.00 on Thursday. Camtek has a 12-month low of $75.75 and a 12-month high of $215.99. The stock has a market capitalization of $6.25 billion, a P/E ratio of 209.38, a P/E/G ratio of 2.92 and a beta of 1.58. The firm’s 50-day moving average is $150.03 and its two-hundred day moving average is $163.95. 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 released its earnings results on Monday, August 10th. The semiconductor company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.76 by $0.02. Camtek had a return on equity of 21.58% and a net margin of 7.40%.The firm had revenue of $133.24 million during the quarter, compared to analyst estimates of $130.44 million. During the same period in the prior year, the firm posted $0.79 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities analysts predict that Camtek will post 3.27 earnings per share for the current year.

Insider Transactions at Camtek

In other news, CFO Moshe Eisenberg sold 3,759 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $160.06, for a total value of $601,665.54. Following the completion of the sale, the chief financial officer owned 16,884 shares of the company’s stock, valued at $2,702,453.04. This represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Ram Langer sold 6,387 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $172.32, for a total transaction of $1,100,607.84. Following the completion of the transaction, the chief operating officer directly owned 17,532 shares in the company, valued at approximately $3,021,114.24. This represents a 26.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,843 shares of company stock valued at $4,514,249 in the last three months. 79.40% of the stock is owned by company insiders.

Institutional Trading of Camtek

Institutional investors have recently added to or reduced their stakes in the business. Compass Financial Management LLC acquired a new stake in Camtek in the 2nd quarter valued at $57,000. Headlands Technologies LLC purchased a new stake in shares of Camtek in the second quarter worth about $357,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Camtek in the second quarter worth about $1,217,000. Annex Advisory Services LLC grew its stake in shares of Camtek by 51.1% in the second quarter. Annex Advisory Services LLC now owns 15,272 shares of the semiconductor company’s stock valued at $2,491,000 after buying an additional 5,167 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Camtek by 6.0% in the first quarter. NewEdge Advisors LLC now owns 2,072 shares of the semiconductor company’s stock valued at $314,000 after buying an additional 117 shares in the last quarter. 41.93% of the stock is 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.