Camtek Ltd. (NASDAQ:CAMT) Receives Consensus Recommendation of “Buy” from Brokerages

Camtek Ltd. (NASDAQ:CAMT) has earned an average recommendation of “Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $112.44.

CAMT has been the topic of a number of research analyst reports. Cantor Fitzgerald assumed coverage on Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 price target on the stock. Northland Securities increased their target price on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Barclays cut their price target on Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and set a $95.00 price objective on shares of Camtek in a report on Wednesday, November 13th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 target price on shares of Camtek in a research note on Thursday, December 12th.

Camtek Stock Performance

Shares of NASDAQ:CAMT opened at $88.20 on Wednesday. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 40.65, a price-to-earnings-growth ratio of 1.48 and a beta of 1.34. The business’s fifty day moving average price is $85.18 and its two-hundred day moving average price is $84.85. Camtek has a fifty-two week low of $69.83 and a fifty-two week high of $140.50. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter last year, the company posted $0.46 EPS. As a group, analysts predict that Camtek will post 2.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Camtek

Several large investors have recently bought and sold shares of the business. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Camtek by 21.5% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock valued at $121,734,000 after acquiring an additional 268,258 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Camtek by 32.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company’s stock valued at $91,711,000 after purchasing an additional 279,000 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Camtek by 9.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company’s stock valued at $77,852,000 after buying an additional 81,709 shares during the period. Meitav Investment House Ltd. boosted its holdings in Camtek by 119.3% during the fourth quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company’s stock worth $66,159,000 after buying an additional 445,079 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Camtek by 107.5% during the 3rd quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock worth $57,548,000 after buying an additional 373,400 shares during the period. 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.