Brokerages Set Camtek Ltd. (NASDAQ:CAMT) Target Price at $88.56

Shares of Camtek Ltd. (NASDAQ:CAMT - Get Free Report) have been assigned a consensus rating of "Buy" from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $88.56.

Several analysts have weighed in on CAMT shares. Jefferies Financial Group dropped their price objective on Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a report on Friday, March 28th. Northland Securities set a $105.00 price target on shares of Camtek in a research note on Wednesday, May 14th. Wall Street Zen upgraded shares of Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Cantor Fitzgerald set a $80.00 price objective on shares of Camtek and gave the company a "neutral" rating in a research note on Tuesday, June 24th. Finally, Needham & Company LLC lowered their target price on shares of Camtek from $110.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, May 14th.

Camtek Trading Down 3.0%

NASDAQ:CAMT traded down $2.52 during trading hours on Friday, hitting $82.04. 571,964 shares of the stock were exchanged, compared to its average volume of 555,373. The company has a market capitalization of $3.74 billion, a P/E ratio of 31.43, a price-to-earnings-growth ratio of 2.29 and a beta of 1.34. The company has a quick ratio of 4.27, a current ratio of 5.28 and a debt-to-equity ratio of 0.34. The company's 50 day moving average is $70.72 and its two-hundred day moving average is $74.67. Camtek has a twelve month low of $47.41 and a twelve month high of $140.50.

Camtek (NASDAQ:CAMT - Get Free Report) last released its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. Camtek had a return on equity of 24.57% and a net margin of 28.40%. The company had revenue of $118.64 million during the quarter, compared to the consensus estimate of $119.00 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The firm's quarterly revenue was up 22.3% on a year-over-year basis. On average, sell-side analysts anticipate that Camtek will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Camtek

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of Camtek in the first quarter valued at approximately $31,000. Jones Financial Companies Lllp boosted its stake in Camtek by 364.0% in the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 324 shares during the period. Huntington National Bank increased its holdings in Camtek by 42.4% during the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 123 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 293 shares during the period. Finally, State of Wyoming boosted its position in shares of Camtek by 146.2% during the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company's stock worth $163,000 after buying an additional 1,200 shares during the period. 41.93% of the stock is owned by institutional investors.

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.