Camtek Ltd. (NASDAQ:CAMT) Given Average Recommendation of “Buy” by Analysts

Shares of Camtek Ltd. (NASDAQ:CAMTGet Free Report) have been assigned a consensus recommendation of “Buy” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Eight 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 brokers that have updated their coverage on the stock in the last year is $112.13.

Several research firms have recently issued reports on CAMT. Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price target on shares of Camtek in a research note on Thursday, December 12th. Northland Securities raised 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. StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $95.00 price objective on shares of Camtek in a report on Wednesday, November 13th.

Check Out Our Latest Analysis on CAMT

Camtek Trading Down 1.5 %

Shares of NASDAQ:CAMT opened at $89.52 on Friday. Camtek has a fifty-two week low of $69.51 and a fifty-two 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. The company has a market cap of $4.06 billion, a PE ratio of 41.25, a P/E/G ratio of 1.36 and a beta of 1.33. The company’s 50-day moving average price is $78.64 and its 200 day moving average price is $89.21.

Camtek (NASDAQ:CAMTGet Free Report) last released 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. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The company had revenue of $112.30 million for the quarter, compared to analysts’ expectations of $108.51 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. Sell-side analysts anticipate that Camtek will post 2.53 earnings per share for the current year.

Institutional Trading of Camtek

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. grew its position in Camtek by 78.8% in the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after buying an additional 145 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Camtek in the 3rd quarter worth $53,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Camtek by 23,300.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 466 shares during the period. Gateway Wealth Partners LLC purchased a new stake in shares of Camtek during the second quarter valued at $220,000. Finally, Susquehanna International Group Ltd. purchased a new position in Camtek in the 2nd quarter worth about $237,000. 41.93% of the stock is currently owned by institutional investors.

Camtek Company Profile

(Get Free Report

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.

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Analyst Recommendations for Camtek (NASDAQ:CAMT)

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