Camtek Ltd. (NASDAQ:CAMT) Given Average Recommendation of "Buy" by Brokerages

Shares of Camtek Ltd. (NASDAQ:CAMT - Get Free Report) have earned a consensus rating of "Buy" from the eight research firms that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $110.57.

CAMT has been the topic of several research reports. Needham & Company LLC reiterated a "buy" rating and issued a $95.00 price target on shares of Camtek in a report on Wednesday. B. Riley reduced their target price on shares of Camtek from $150.00 to $140.00 and set a "buy" rating for the company in a report on Friday, August 2nd. Northland Securities boosted their target price on shares of Camtek from $99.00 to $102.00 and gave the company an "outperform" rating in a research report on Wednesday. StockNews.com downgraded Camtek from a "hold" rating to a "sell" rating in a research report on Tuesday. Finally, Northland Capmk raised Camtek from a "hold" rating to a "strong-buy" rating in a report on Monday, August 5th.

Institutional Trading of Camtek

Institutional investors have recently modified their holdings of the stock. Swiss National Bank lifted its stake in shares of Camtek by 1.3% in the first quarter. Swiss National Bank now owns 58,287 shares of the semiconductor company's stock worth $4,850,000 after buying an additional 750 shares in the last quarter. Sei Investments Co. boosted its stake in Camtek by 41.5% during the first quarter. Sei Investments Co. now owns 94,473 shares of the semiconductor company's stock worth $7,914,000 after buying an additional 27,707 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Camtek during the 1st quarter worth $50,000. Russell Investments Group Ltd. increased its position in Camtek by 524.6% during the first quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company's stock worth $123,000 after purchasing an additional 1,238 shares during the last quarter. Finally, Axxcess Wealth Management LLC boosted its holdings in Camtek by 7.6% in the 1st quarter. Axxcess Wealth Management LLC now owns 11,743 shares of the semiconductor company's stock valued at $984,000 after purchasing an additional 833 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company's stock.

Camtek Stock Performance

Camtek stock traded down $4.65 during mid-day trading on Friday, reaching $74.07. 905,722 shares of the company traded hands, compared to its average volume of 543,083. The firm's fifty day moving average is $79.27 and its two-hundred day moving average is $95.46. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 1.50 and a beta of 1.38. Camtek has a fifty-two week low of $59.33 and a fifty-two week high of $140.50. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.29.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.06. The company had revenue of $112.30 million during the quarter, compared to analyst estimates of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The firm's quarterly revenue was up 39.5% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. On average, equities research analysts expect that Camtek will post 2.45 earnings per share 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.