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

Shares of Camtek Ltd. (NASDAQ:CAMT - Get Free Report) have received a consensus recommendation of "Buy" from the eleven analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $89.00.

Several research analysts have commented on CAMT shares. B. Riley lifted their price target on Camtek from $85.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Bank of America decreased their price target on Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Wall Street Zen raised Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Needham & Company LLC reduced their price objective on Camtek from $110.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Finally, Northland Securities set a $105.00 price objective on Camtek in a research note on Wednesday, May 14th.

Camtek Stock Up 2.0%

Shares of Camtek stock traded up $1.87 during trading on Wednesday, hitting $96.11. 93,241 shares of the stock traded hands, compared to its average volume of 472,619. The stock has a market cap of $4.38 billion, a P/E ratio of 36.82, a PEG ratio of 2.53 and a beta of 1.34. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.27 and a current ratio of 5.28. Camtek has a twelve month low of $47.41 and a twelve month high of $110.73. The company has a fifty day moving average price of $78.80 and a two-hundred day moving average price of $75.75.

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

Hedge Funds Weigh In On Camtek

Hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new position in shares of Camtek in the 1st quarter valued at $31,000. Huntington National Bank raised its position in Camtek by 42.4% in the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 123 shares during the last quarter. Advisors Asset Management Inc. raised its position in Camtek by 61.6% in the first 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 last quarter. State of Wyoming lifted its holdings in Camtek by 146.2% during the 4th 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. Finally, Petrus Trust Company LTA lifted its holdings in Camtek by 12.9% during the 1st quarter. Petrus Trust Company LTA now owns 3,706 shares of the semiconductor company's stock worth $217,000 after buying an additional 422 shares during the period. Institutional investors own 41.93% of the company's stock.

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.