Camtek Ltd. (NASDAQ:CAMT) Receives $74.75 Average PT from Brokerages

Camtek Ltd. (NASDAQ:CAMT) has been given a consensus rating of “Buy” by the seven research firms that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $74.75.

A number of research analysts have commented on CAMT shares. Barclays raised their target price on shares of Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Evercore ISI assumed coverage on shares of Camtek in a report on Tuesday, April 16th. They set an “outperform” rating and a $100.00 price objective on the stock. Finally, B. Riley reissued a “buy” rating and issued a $102.00 price objective on shares of Camtek in a research note on Tuesday, March 26th.

Hedge Funds Weigh In On Camtek

Large investors have recently made changes to their positions in the business. Optimum Investment Advisors boosted its stake in Camtek by 15.0% in the 4th quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 225 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Camtek by 17.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock worth $158,000 after buying an additional 340 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Camtek by 574.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 379 shares during the last quarter. BluePath Capital Management LLC acquired a new position in shares of Camtek in the 3rd quarter valued at $31,000. Finally, Van ECK Associates Corp raised its stake in Camtek by 6.8% in the 3rd quarter. Van ECK Associates Corp now owns 8,381 shares of the semiconductor company’s stock worth $522,000 after acquiring an additional 533 shares during the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Camtek Stock Down 2.6 %

Shares of NASDAQ:CAMT opened at $78.88 on Monday. The business’s 50 day moving average is $80.41 and its 200 day moving average is $72.04. The stock has a market cap of $3.54 billion, a P/E ratio of 48.69, a price-to-earnings-growth ratio of 2.84 and a beta of 1.41. Camtek has a 52-week low of $25.70 and a 52-week high of $90.54. The company has a quick ratio of 4.77, a current ratio of 5.66 and a debt-to-equity ratio of 0.41.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The business had revenue of $88.70 million for the quarter, compared to the consensus estimate of $88.02 million. Camtek had a return on equity of 18.92% and a net margin of 24.93%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 EPS. Sell-side analysts predict that Camtek will post 2.12 EPS for the current year.

Camtek Dividend Announcement

The company also recently disclosed a Variable dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were paid a dividend of $1.33 per share. The ex-dividend date was Wednesday, April 3rd. Camtek’s dividend payout ratio (DPR) is presently 82.10%.

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.