Brokerages Set Camtek Ltd. (NASDAQ:CAMT) Price Target at $109.88

Camtek Ltd. (NASDAQ:CAMT - Get Free Report) has received an average rating of "Buy" from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $109.88.

Several analysts have recently commented on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $95.00 price target on shares of Camtek in a research report on Wednesday, November 13th. Stifel Nicolaus reissued a "buy" rating and issued a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. StockNews.com upgraded shares of Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, Northland Securities lifted their price target on shares of Camtek from $99.00 to $102.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th.

Hedge Funds Weigh In On Camtek

Hedge funds and other institutional investors have recently modified their holdings of the company. Fred Alger Management LLC acquired a new position in Camtek during the 2nd quarter worth $8,386,000. Meitav Investment House Ltd. boosted its holdings in shares of Camtek by 14.1% in the third quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company's stock valued at $29,887,000 after acquiring an additional 46,016 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Camtek during the second quarter valued at approximately $1,423,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Camtek by 21.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company's stock worth $121,734,000 after purchasing an additional 268,258 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Camtek by 34.0% in the second quarter. Millennium Management LLC now owns 217,617 shares of the semiconductor company's stock worth $27,254,000 after purchasing an additional 55,234 shares during the period. Institutional investors and hedge funds own 41.93% of the company's stock.

Camtek Price Performance

NASDAQ CAMT traded up $1.84 during mid-day trading on Friday, hitting $82.69. The stock had a trading volume of 217,922 shares, compared to its average volume of 216,661. The company has a 50 day simple moving average of $77.90 and a 200 day simple moving average of $89.95. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 38.11, a P/E/G ratio of 1.36 and a beta of 1.33. Camtek has a 52-week low of $65.18 and a 52-week high of $140.50. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, beating 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 return on equity of 24.21% and a net margin of 26.53%. The business's revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter last year, the business posted $0.46 earnings per share. Equities analysts forecast that Camtek will post 2.53 EPS for the current fiscal year.

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.