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

Key Points

• Consensus rating: Fourteen brokerages give Camtek an average rating of "Moderate Buy" (split 7 buy / 7 hold) with an average 12‑month price target of $166.75.
• Analyst activity is mixed but tilting bullish — Oppenheimer, Jefferies and Barclays recently raised targets to $180, $185 and $175 respectively, while Northland cut to market perform with a $150 target.
• Shares opened at $195.89 (up ~5.4%), market cap ≈ $9B; latest quarter showed EPS of $0.81 (missed $0.83) and revenue $128.1M (beat, +9.2% YoY), and institutional investors own about 41.9% of the stock.

Camtek Ltd. (NASDAQ:CAMT - Get Free Report) has been given an average rating of "Moderate Buy" by the fourteen brokerages that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a 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 $166.75.

A number of research firms have weighed in on CAMT. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Camtek in a research note on Monday, December 29th. Oppenheimer boosted their target price on shares of Camtek from $120.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, February 19th. Northland Securities cut shares of Camtek from an "outperform" rating to a "market perform" rating and set a $150.00 target price on the stock. in a research note on Wednesday, February 18th. Jefferies Financial Group reaffirmed a "buy" rating and set a $185.00 target price on shares of Camtek in a research note on Wednesday, February 18th. Finally, Barclays boosted their target price on shares of Camtek from $155.00 to $175.00 and gave the stock an "overweight" rating in a research note on Thursday, February 19th.

Institutional Trading of Camtek

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP grew its stake in shares of Camtek by 14.7% during the third quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company's stock worth $422,373,000 after buying an additional 513,956 shares during the last quarter. Menora Mivtachim Holdings LTD. grew its stake in shares of Camtek by 31.1% during the third quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company's stock worth $220,537,000 after buying an additional 497,918 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Camtek by 56.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,665,236 shares of the semiconductor company's stock worth $177,090,000 after buying an additional 604,097 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Camtek by 12.0% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company's stock worth $140,205,000 after buying an additional 140,796 shares during the last quarter. Finally, Brown Capital Management LLC grew its stake in shares of Camtek by 1.2% in the third quarter. Brown Capital Management LLC now owns 1,153,943 shares of the semiconductor company's stock worth $121,222,000 after purchasing an additional 13,806 shares during the last quarter. Institutional investors own 41.93% of the company's stock.

Camtek Stock Up 5.4%

Shares of CAMT opened at $195.89 on Friday. Camtek has a one year low of $62.60 and a one year high of $203.67. The company has a market cap of $8.98 billion, a P/E ratio of 208.40, a P/E/G ratio of 4.37 and a beta of 1.56. The company has a debt-to-equity ratio of 0.84, a current ratio of 8.35 and a quick ratio of 7.31. The firm has a 50 day simple moving average of $165.31 and a two-hundred day simple moving average of $136.75.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.02). Camtek had a net margin of 10.23% and a return on equity of 23.61%. The firm had revenue of $128.12 million for the quarter, compared to analyst estimates of $127.10 million. During the same quarter in the prior year, the firm earned $0.77 earnings per share. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. Research analysts forecast that Camtek will post 3.12 EPS for the current fiscal year.

Camtek Company Profile

Camtek Ltd. NASDAQ: CAMT is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek's core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.

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