Brokerages Set Camtek Ltd. (NASDAQ:CAMT) Target Price at $112.44

Shares of Camtek Ltd. (NASDAQ:CAMT - Get Free Report) have been given a consensus rating of "Buy" by the ten research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $112.44.

Several research firms recently commented on CAMT. Needham & Company LLC restated a "buy" rating and set a $95.00 target price on shares of Camtek in a research report on Wednesday, November 13th. Northland Securities boosted their target price on shares of Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Stifel Nicolaus reissued a "buy" rating and set a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. Finally, Cantor Fitzgerald assumed coverage on shares of Camtek in a research note on Monday, January 13th. They set a "neutral" rating and a $100.00 price objective on the stock.

Institutional Trading of Camtek

A number of institutional investors have recently bought and sold shares of CAMT. Van ECK Associates Corp increased its holdings in Camtek by 10.5% in the fourth quarter. Van ECK Associates Corp now owns 10,566 shares of the semiconductor company's stock valued at $853,000 after purchasing an additional 1,005 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Camtek by 25.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 144,465 shares of the semiconductor company's stock valued at $11,668,000 after acquiring an additional 29,579 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Camtek by 32.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company's stock valued at $91,711,000 after acquiring an additional 279,000 shares during the period. Y.D. More Investments Ltd boosted its position in shares of Camtek by 6.0% during the fourth quarter. Y.D. More Investments Ltd now owns 525,413 shares of the semiconductor company's stock worth $42,905,000 after purchasing an additional 29,580 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Camtek in the 4th quarter valued at $336,000. Institutional investors and hedge funds own 41.93% of the company's stock.

Camtek Stock Performance

Shares of CAMT traded up $1.62 on Wednesday, reaching $87.97. 822,331 shares of the stock traded hands, compared to its average volume of 645,430. The stock's 50-day moving average price is $83.78 and its 200-day moving average price is $85.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 40.54, a P/E/G ratio of 1.66 and a beta of 1.33. Camtek has a 12 month low of $69.83 and a 12 month high of $140.50.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its 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 for the quarter, compared to analysts' expectations of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The firm's revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Equities analysts forecast that Camtek will post 2.53 EPS for the current fiscal year.

Camtek Company Profile

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.