Analysts Set Camtek Ltd. (NASDAQ:CAMT) Target Price at $90.78

Camtek Ltd. (NASDAQ:CAMT - Get Free Report) has been given an average rating of "Buy" by the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $90.78.

Several brokerages have issued reports on CAMT. Barclays dropped their target price on shares of Camtek from $120.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen upgraded shares of Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Needham & Company LLC dropped their target price on shares of Camtek from $110.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. B. Riley increased their target price on Camtek from $85.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Finally, Bank of America reduced their target price on Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th.

Camtek Stock Performance

Shares of NASDAQ:CAMT traded up $0.57 during trading on Tuesday, hitting $73.27. 207,464 shares of the company were exchanged, compared to its average volume of 493,641. The company has a market cap of $3.34 billion, a PE ratio of 30.27, a P/E/G ratio of 1.89 and a beta of 1.36. Camtek has a 52-week low of $47.41 and a 52-week high of $140.50. The stock has a 50 day moving average of $63.48 and a 200 day moving average of $74.29. 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 (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $118.64 million for the quarter, compared to analysts' expectations of $119.00 million. Camtek had a net margin of 27.61% and a return on equity of 24.99%. The business's quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share. As a group, equities research analysts predict that Camtek will post 2.93 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CAMT. abrdn plc lifted its position in Camtek by 25.6% in the 4th quarter. abrdn plc now owns 179,046 shares of the semiconductor company's stock valued at $14,706,000 after acquiring an additional 36,447 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in Camtek during the 4th quarter valued at about $336,000. Y.D. More Investments Ltd lifted its stake in Camtek by 6.0% during the 4th quarter. Y.D. More Investments Ltd now owns 525,413 shares of the semiconductor company's stock valued at $42,905,000 after acquiring an additional 29,580 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Camtek by 32.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company's stock valued at $91,711,000 after acquiring an additional 279,000 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in Camtek by 25.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 144,465 shares of the semiconductor company's stock valued at $11,668,000 after acquiring an additional 29,579 shares during the period. 41.93% of the stock is owned by institutional investors.

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.