Brokerages Set Camtek Ltd. (NASDAQ:CAMT) Price Target at $116.57

Shares of Camtek Ltd. (NASDAQ:CAMT) have been given an average rating of “Buy” by the eight analysts that are presently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $116.57.

CAMT has been the subject of several research reports. B. Riley lowered their target price on Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 price objective on shares of Camtek in a research report on Friday, August 2nd. Northland Securities upgraded shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a research report on Monday, August 5th. Jefferies Financial Group started coverage on shares of Camtek in a research report on Monday, May 13th. They set a “buy” rating and a $120.00 price target for the company. Finally, Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th.

Camtek Stock Performance

Camtek stock opened at $77.88 on Friday. Camtek has a 12-month low of $48.50 and a 12-month high of $140.50. The stock has a 50-day simple moving average of $104.35 and a 200 day simple moving average of $95.95. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 44.00, a P/E/G ratio of 1.88 and a beta of 1.39.

Camtek (NASDAQ:CAMT) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The company had revenue of $102.60 million for the quarter, compared to analyst estimates of $101.26 million. During the same period in the prior year, the business earned $0.38 earnings per share. Camtek’s quarterly revenue was up 39.4% on a year-over-year basis. On average, research analysts anticipate that Camtek will post 2.45 earnings per share for the current fiscal year.

Institutional Trading of Camtek

A number of hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in Camtek by 574.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 379 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Camtek by 23,300.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after buying an additional 466 shares during the period. Headlands Technologies LLC bought a new position in Camtek during the first quarter worth about $50,000. USA Financial Formulas grew its stake in Camtek by 1,436.2% in the fourth quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 675 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Camtek by 524.6% in the first quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 1,238 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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.