Camtek Ltd. (NASDAQ:CAMT) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts assign Camtek a “Moderate Buy” consensus: Seven analysts rate the stock a buy and seven recommend holding it, with an average 12-month price target of $173.25.
• Camtek exceeded quarterly expectations, reporting $0.78 EPS versus the $0.76 consensus and $133.24 million in revenue, up 8% year over year.
• Shares opened at $143.25, below the average analyst target, while insiders sold 26,843 shares worth approximately $4.5 million over the past 90 days.

Shares of Camtek Ltd. (NASDAQ:CAMT - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $173.25.

Several equities analysts have commented on the stock. Morgan Stanley lowered their target price on shares of Camtek from $167.00 to $165.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 11th. Stifel Nicolaus set a $170.00 target price on Camtek in a report on Monday, August 10th. Evercore reaffirmed an "outperform" rating and set a $200.00 price target on shares of Camtek in a research note on Wednesday, May 13th. Weiss Ratings reissued a "hold (c)" rating on shares of Camtek in a research note on Tuesday, August 11th. Finally, Jefferies Financial Group raised their target price on Camtek from $185.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, May 13th.

Camtek Stock Down 2.3%

Shares of Camtek stock opened at $143.25 on Thursday. The business's fifty day moving average price is $153.45 and its two-hundred day moving average price is $164.22. The company has a debt-to-equity ratio of 0.69, a current ratio of 7.38 and a quick ratio of 6.58. The company has a market capitalization of $6.68 billion, a P/E ratio of 223.83, a PEG ratio of 3.16 and a beta of 1.58. Camtek has a 1-year low of $75.75 and a 1-year high of $215.99.

Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02. Camtek had a return on equity of 21.58% and a net margin of 7.40%.The company had revenue of $133.24 million during the quarter, compared to analysts' expectations of $130.44 million. During the same quarter in the prior year, the business posted $0.79 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, research analysts forecast that Camtek will post 3.27 EPS for the current year.

Insider Transactions at Camtek

In other news, CEO Rafi Amit sold 6,250 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $170.52, for a total transaction of $1,065,750.00. Following the completion of the sale, the chief executive officer directly owned 55,350 shares of the company's stock, valued at $9,438,282. This trade represents a 10.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Karni Yarl Andorn sold 3,176 shares of the firm's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $164.40, for a total value of $522,134.40. Following the sale, the director directly owned 1,343 shares of the company's stock, valued at approximately $220,789.20. This represents a 70.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,843 shares of company stock valued at $4,514,249 in the last 90 days. 79.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Camtek

Several hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. increased its stake in Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 293 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Camtek by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company's stock valued at $8,749,000 after buying an additional 16,117 shares in the last quarter. Geode Capital Management LLC lifted its stake in Camtek by 0.7% during the second quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company's stock valued at $3,333,000 after buying an additional 279 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Camtek by 4.7% in the second quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company's stock worth $409,000 after buying an additional 217 shares during the period. Finally, Invesco Ltd. increased its position in shares of Camtek by 8.3% in the second quarter. Invesco Ltd. now owns 263,836 shares of the semiconductor company's stock worth $22,310,000 after acquiring an additional 20,237 shares in the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

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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