Brokerages Set Camtek Ltd. (NASDAQ:CAMT) Price Target at $165.92

by · The Markets Daily

Camtek Ltd. (NASDAQ:CAMT – Get Free Report) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $165.9167.

A number of equities analysts recently commented on CAMT shares. Zacks Research raised shares of Camtek from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Morgan Stanley set a $151.00 target price on Camtek in a research report on Thursday, February 19th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $145.00 price target on shares of Camtek in a report on Wednesday, February 18th. Northland Securities lowered Camtek from an “outperform” rating to a “market perform” rating and set a $150.00 price target for the company. in a research report on Wednesday, February 18th. Finally, Bank of America upped their price objective on Camtek from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th.

Check Out Our Latest Report on Camtek

Camtek Trading Up 5.4%

NASDAQ CAMT opened at $155.24 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.31 and a current ratio of 8.35. The company has a market capitalization of $7.08 billion, a price-to-earnings ratio of 165.15, a price-to-earnings-growth ratio of 3.49 and a beta of 1.53. The company’s 50-day simple moving average is $146.10 and its two-hundred day simple moving average is $119.77. Camtek has a one year low of $47.41 and a one year high of $174.61.

Camtek (NASDAQ:CAMT – Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.02). Camtek had a net margin of 10.23% and a return on equity of 23.61%. The business had revenue of $128.12 million during the quarter, compared to the consensus estimate of $127.10 million. During the same quarter in the prior year, the firm posted $0.77 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities analysts forecast that Camtek will post 2.93 EPS for the current fiscal year.

Institutional Trading of Camtek

Several hedge funds have recently modified their holdings of CAMT. Jefferies Financial Group Inc. acquired a new stake in Camtek in the second quarter worth about $338,000. SG Americas Securities LLC purchased a new stake in shares of Camtek during the third quarter worth about $1,503,000. Brown Capital Management LLC increased its holdings in shares of Camtek by 1.2% during the third quarter. Brown Capital Management LLC now owns 1,153,943 shares of the semiconductor company’s stock valued at $121,222,000 after acquiring an additional 13,806 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Camtek by 18.9% during the second quarter. Legal & General Group Plc now owns 117,163 shares of the semiconductor company’s stock valued at $10,103,000 after acquiring an additional 18,584 shares in the last quarter. Finally, Y.D. More Investments Ltd raised its position in shares of Camtek by 22.5% in the 2nd quarter. Y.D. More Investments Ltd now owns 644,657 shares of the semiconductor company’s stock valued at $55,435,000 after purchasing an additional 118,226 shares during the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Company Profile

(Get Free Report)

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.

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