Camtek Ltd. (NASDAQ:CAMT) Receives $98.63 Average Target Price from Analysts

Shares of Camtek Ltd. (NASDAQ:CAMTGet Free Report) have earned an average rating of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $103.63.

CAMT has been the subject of several recent research reports. Northland Capmk downgraded shares of Camtek from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 16th. Barclays upped their price objective on shares of Camtek from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Needham & Company LLC upped their price objective on shares of Camtek from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Bank of America upped their price objective on shares of Camtek from $98.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Finally, Evercore ISI started coverage on shares of Camtek in a research note on Tuesday, April 16th. They set an “outperform” rating and a $100.00 price objective for the company.

Check Out Our Latest Research Report on CAMT

Camtek Stock Down 1.3 %

Shares of NASDAQ:CAMT opened at $114.39 on Tuesday. Camtek has a 52-week low of $31.49 and a 52-week high of $122.93. The firm has a fifty day moving average of $96.84 and a 200 day moving average of $83.45. The firm has a market capitalization of $5.14 billion, a PE ratio of 64.63, a price-to-earnings-growth ratio of 2.49 and a beta of 1.37. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.08 and a current ratio of 3.66.

Camtek (NASDAQ:CAMTGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.07. The business had revenue of $97.01 million during the quarter, compared to the consensus estimate of $93.75 million. Camtek had a net margin of 25.35% and a return on equity of 20.94%. As a group, research analysts anticipate that Camtek will post 2.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Camtek

A number of hedge funds and other institutional investors have recently bought and sold shares of CAMT. Tower Research Capital LLC TRC grew its holdings in Camtek by 574.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 379 shares during the period. USA Financial Formulas grew its holdings in Camtek by 1,436.2% in the fourth quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 675 shares during the period. Headlands Technologies LLC purchased a new stake in Camtek in the first quarter worth about $50,000. Optimum Investment Advisors grew its holdings in Camtek by 15.0% in the fourth quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 225 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Camtek by 431.5% in the third quarter. PNC Financial Services Group Inc. now owns 1,940 shares of the semiconductor company’s stock worth $121,000 after purchasing an additional 1,575 shares during the period. Hedge funds and other institutional investors own 41.93% of the company’s stock.

About Camtek

(Get Free Report

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.

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Analyst Recommendations for Camtek (NASDAQ:CAMT)

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