Camtek Ltd. (NASDAQ:CAMT) Receives $103.13 Consensus Target Price from Brokerages

Shares of Camtek Ltd. (NASDAQ:CAMT - Get Free Report) have been assigned an average recommendation of "Buy" from the nine analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $99.38.

A number of brokerages have issued reports on CAMT. Evercore ISI reduced their price objective on shares of Camtek from $100.00 to $82.00 and set an "outperform" rating on the stock in a research note on Wednesday. Barclays cut their price target on Camtek from $120.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Bank of America dropped their target price on Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Needham & Company LLC decreased their price target on shares of Camtek from $110.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Jefferies Financial Group reduced their target price on shares of Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a report on Friday, March 28th.

Institutional Investors Weigh In On Camtek

A number of institutional investors have recently made changes to their positions in CAMT. Wilmington Savings Fund Society FSB bought a new position in Camtek during the 3rd quarter worth approximately $53,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Camtek by 9.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company's stock worth $77,852,000 after purchasing an additional 81,709 shares during the period. Blue Trust Inc. increased its stake in Camtek by 24.0% in the fourth quarter. Blue Trust Inc. now owns 4,986 shares of the semiconductor company's stock valued at $398,000 after purchasing an additional 966 shares in the last quarter. Prentiss Smith & Co. Inc. raised its holdings in shares of Camtek by 10.8% during the fourth quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock valued at $225,000 after purchasing an additional 272 shares during the period. Finally, abrdn plc grew its stake in shares of 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 buying an additional 36,447 shares during the period. Institutional investors own 41.93% of the company's stock.

Camtek Trading Down 0.5%

CAMT stock traded down $0.34 during trading on Friday, hitting $68.28. The company had a trading volume of 169,908 shares, compared to its average volume of 570,207. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 1.89 and a beta of 1.36. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $62.90 and a 200-day moving average price of $75.63. Camtek has a 12 month low of $47.41 and a 12 month high of $140.50.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. As a group, analysts predict that Camtek will post 2.93 earnings per share for the current 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.