Camtek Ltd. (NASDAQ:CAMT) Receives Average Recommendation of "Buy" from Brokerages

Camtek Ltd. (NASDAQ:CAMT - Get Free Report) has earned a consensus recommendation of "Buy" from the ten analysts 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 target price among analysts that have issued a report on the stock in the last year is $114.11.

CAMT has been the topic of a number of recent research reports. Stifel Nicolaus reissued a "buy" rating and issued a $105.00 target price on shares of Camtek in a research note on Thursday, December 12th. Cantor Fitzgerald started coverage on shares of Camtek in a research report on Monday, January 13th. They set a "neutral" rating and a $100.00 price objective on the stock. Barclays decreased their target price on shares of Camtek from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Northland Securities upped their target price on shares of Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Finally, Needham & Company LLC reissued a "buy" rating and set a $110.00 price target on shares of Camtek in a research report on Thursday, February 13th.

Institutional Investors Weigh In On Camtek

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Camtek by 21.5% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company's stock valued at $121,734,000 after buying an additional 268,258 shares during the period. Blueshift Asset Management LLC purchased a new stake in Camtek during the third quarter valued at $624,000. Point72 Hong Kong Ltd lifted its holdings in Camtek by 193,738.7% in the third quarter. Point72 Hong Kong Ltd now owns 60,090 shares of the semiconductor company's stock valued at $4,798,000 after acquiring an additional 60,059 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Camtek by 16.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 486,606 shares of the semiconductor company's stock worth $38,855,000 after purchasing an additional 67,250 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of Camtek during the 3rd quarter valued at about $705,000. Hedge funds and other institutional investors own 41.93% of the company's stock.

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Camtek Stock Down 2.6 %

NASDAQ CAMT traded down $1.77 during trading hours on Thursday, reaching $66.05. 300,605 shares of the company's stock traded hands, compared to its average volume of 556,209. The firm has a market cap of $3.01 billion, a PE ratio of 27.29, a PEG ratio of 1.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. Camtek has a 52-week low of $62.13 and a 52-week high of $140.50. The firm has a 50-day simple moving average of $82.32 and a 200 day simple moving average of $80.31.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Sell-side analysts anticipate that Camtek will post 2.93 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.