Camtek Ltd. (NASDAQ:CAMT) Receives $116.57 Consensus PT from Brokerages

Shares of Camtek Ltd. (NASDAQ:CAMT) have been assigned a consensus rating of “Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $116.57.

Several equities research analysts have recently issued reports on CAMT shares. Bank of America raised their price objective on shares of Camtek from $98.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 target price on shares of Camtek in a research note on Friday, August 2nd. Jefferies Financial Group began coverage on Camtek in a research note on Monday, May 13th. They set a “buy” rating and a $120.00 price target on the stock. Finally, Northland Securities raised Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price objective on the stock in a report on Monday, August 5th.

Camtek Stock Down 6.1 %

Camtek stock opened at $77.88 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 4.29. Camtek has a fifty-two week low of $48.50 and a fifty-two week high of $140.50. The firm has a fifty day moving average price of $104.35 and a two-hundred day moving average price of $95.95. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 44.00, a P/E/G ratio of 1.88 and a beta of 1.39.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $102.60 million during the quarter, compared to analysts’ expectations of $101.26 million. Camtek had a return on equity of 22.57% and a net margin of 25.93%. The firm’s revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. As a group, analysts forecast that Camtek will post 2.45 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Lord Abbett & CO. LLC bought a new stake in shares of Camtek in the 1st quarter worth about $55,026,000. Y.D. More Investments Ltd boosted its position in Camtek by 723.7% in the second quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock valued at $78,709,000 after buying an additional 550,854 shares in the last quarter. Zweig DiMenna Associates LLC bought a new stake in Camtek during the first quarter worth about $13,964,000. Quadrature Capital Ltd acquired a new stake in shares of Camtek during the fourth quarter worth approximately $10,704,000. Finally, Westfield Capital Management Co. LP raised its stake in shares of Camtek by 46.6% in the fourth quarter. Westfield Capital Management Co. LP now owns 284,845 shares of the semiconductor company’s stock valued at $19,763,000 after acquiring an additional 90,608 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

About Camtek

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.