Camtek Ltd. (NASDAQ:CAMT) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Camtek Ltd. (NASDAQ:CAMT) have earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $116.57.

Several equities research analysts recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 price target on shares of Camtek in a research note on Friday, August 2nd. Northland Capmk raised Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. B. Riley dropped their price target on Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Northland Securities upgraded shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price objective on the stock in a research note on Monday, August 5th.

Camtek Stock Down 3.4 %

CAMT stock opened at $79.85 on Thursday. Camtek has a fifty-two week low of $48.50 and a fifty-two week high of $140.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 4.29. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 45.11, a PEG ratio of 1.43 and a beta of 1.39. The business’s fifty day moving average price is $89.40 and its two-hundred day moving average price is $95.84.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $102.60 million for the quarter, compared to analyst estimates of $101.26 million. Camtek had a net margin of 25.93% and a return on equity of 22.57%. Camtek’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same period last year, the firm earned $0.38 earnings per share. On average, equities analysts anticipate that Camtek will post 2.45 earnings per share for the current year.

Institutional Trading of Camtek

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lord Abbett & CO. LLC bought a new position in shares of Camtek in the 1st quarter valued at $55,026,000. Y.D. More Investments Ltd increased its holdings in Camtek by 723.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock worth $78,709,000 after purchasing an additional 550,854 shares in the last quarter. Zweig DiMenna Associates LLC bought a new position in Camtek in the first quarter valued at about $13,964,000. Quadrature Capital Ltd acquired a new stake in shares of Camtek during the fourth quarter valued at about $10,704,000. Finally, Axiom Investors LLC DE boosted its stake in shares of Camtek by 288.5% during the fourth quarter. Axiom Investors LLC DE now owns 90,310 shares of the semiconductor company’s stock valued at $6,266,000 after purchasing an additional 67,067 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.