Brokerages Set Camtek Ltd. (NASDAQ:CAMT) Target Price at $109.88

Shares of Camtek Ltd. (NASDAQ:CAMT) have earned an average rating of “Buy” from the nine brokerages that are currently covering the company, Marketbeat reports. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $112.13.

A number of equities research analysts recently weighed in on CAMT shares. 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. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $95.00 target price on shares of Camtek in a research note on Wednesday, November 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd boosted its holdings in 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 acquiring an additional 268,258 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in Camtek by 7.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock valued at $68,388,000 after purchasing an additional 60,088 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of Camtek by 107.5% during the third quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock valued at $57,548,000 after purchasing an additional 373,400 shares during the period. Y.D. More Investments Ltd grew its holdings in shares of Camtek by 723.7% in the second quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock worth $78,709,000 after purchasing an additional 550,854 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of 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 buying an additional 67,250 shares during the period. 41.93% of the stock is owned by institutional investors.

Camtek Stock Down 0.2 %

CAMT opened at $90.86 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36. Camtek has a one year low of $67.67 and a one year high of $140.50. The firm has a market capitalization of $4.12 billion, a P/E ratio of 41.87, a price-to-earnings-growth ratio of 1.36 and a beta of 1.33. The company has a fifty day moving average price of $78.24 and a 200-day moving average price of $89.18.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, topping 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 business had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. During the same period in the prior year, the company earned $0.46 EPS. The company’s quarterly revenue was up 39.5% compared to the same quarter last year. Equities research analysts expect that Camtek will post 2.53 earnings per share 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.