Camtek Ltd. (NASDAQ:CAMT) Receives $114.11 Consensus Price Target from Analysts

Shares of Camtek Ltd. (NASDAQ:CAMT) have earned an average rating of “Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $114.11.

CAMT has been the topic of several research reports. Northland Securities boosted their target price on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price objective on shares of Camtek in a research report on Thursday, December 12th. Needham & Company LLC restated a “buy” rating and set a $110.00 target price on shares of Camtek in a report on Thursday, February 13th. Barclays lowered their price target on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Cantor Fitzgerald initiated coverage on shares of Camtek in a research note on Monday, January 13th. They set a “neutral” rating and a $100.00 price objective for the company.

Camtek Stock Up 3.7 %

Camtek stock opened at $68.51 on Thursday. Camtek has a twelve month low of $62.13 and a twelve month high of $140.50. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $81.96 and a 200-day moving average of $80.19. The stock has a market capitalization of $3.12 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last announced its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. On average, equities research analysts anticipate that Camtek will post 2.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Camtek

A number of hedge funds and other institutional investors have recently bought and sold shares of CAMT. Wasatch Advisors LP boosted its holdings in shares of Camtek by 311.8% during the 4th quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company’s stock worth $96,341,000 after buying an additional 903,126 shares during the period. Menora Mivtachim Holdings LTD. raised its position in shares of Camtek by 81.8% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company’s stock valued at $126,521,000 after buying an additional 705,000 shares in the last quarter. Meitav Investment House Ltd. raised its position in shares of Camtek by 119.3% in the fourth quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company’s stock valued at $66,159,000 after buying an additional 445,079 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Camtek in the fourth quarter valued at approximately $30,956,000. Finally, Two Sigma Advisers LP grew its position in Camtek by 107.5% during the third 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 in the last quarter. Institutional investors own 41.93% of the company’s stock.

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.