Camtek Ltd. (NASDAQ:CAMT) Receives Average Rating of "Buy" from Brokerages

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

A number of equities analysts have commented on CAMT shares. Wall Street Zen raised shares of Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Jefferies Financial Group dropped their price objective 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. Needham & Company LLC reduced their target price on Camtek from $110.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Barclays lowered their price target on Camtek from $120.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Northland Securities set a $105.00 price target on Camtek in a research note on Wednesday, May 14th.

Institutional Trading of Camtek

Several institutional investors have recently added to or reduced their stakes in CAMT. Huntington National Bank increased its holdings in shares of Camtek by 42.4% in the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock worth $33,000 after buying an additional 123 shares during the period. Cetera Investment Advisers grew its position in Camtek by 3.3% during the 4th quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company's stock worth $427,000 after acquiring an additional 171 shares during the last quarter. Advisors Asset Management Inc. grew its position in Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company's stock worth $45,000 after acquiring an additional 293 shares during the last quarter. Jones Financial Companies Lllp increased 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. Finally, Blue Trust Inc. lifted its position in Camtek by 9.0% in the first quarter. Blue Trust Inc. now owns 4,237 shares of the semiconductor company's stock valued at $248,000 after purchasing an additional 351 shares during the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Camtek Price Performance

Camtek stock opened at $84.46 on Friday. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 2.28 and a beta of 1.29. 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 business has a 50-day simple moving average of $69.76 and a 200 day simple moving average of $74.54. Camtek has a 52 week low of $47.41 and a 52 week high of $140.50.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.