Camtek Ltd. (NASDAQ:CAMT) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Camtek received a “Moderate Buy” consensus rating from 14 analysts, split evenly between seven buy and seven hold recommendations. The average 12-month price target is $173.25.
• The company exceeded quarterly expectations, reporting adjusted EPS of $0.78 versus the $0.76 consensus and revenue of $133.24 million versus $130.44 million; revenue increased 8% year over year.
• Insiders sold $4.51 million worth of shares over the past three months, including sales by the CEO and a vice president, while institutional investors and hedge funds own 41.93% of the stock.

Camtek Ltd. (NASDAQ:CAMT - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fourteen research firms that are currently covering the company, Marketbeat.com 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 target price among brokerages that have issued ratings on the stock in the last year is $173.25.

A number of research analysts recently commented on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Camtek in a research note on Tuesday, August 11th. Stifel Nicolaus set a $170.00 price objective on Camtek in a report on Monday, August 10th. Finally, Morgan Stanley decreased their target price on Camtek from $167.00 to $165.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 11th.

Insiders Place Their Bets

In other Camtek news, CEO Rafi Amit sold 6,250 shares of the company's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $170.52, for a total value of $1,065,750.00. Following the transaction, the chief executive officer directly owned 55,350 shares of the company's stock, valued at $9,438,282. This represents a 10.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Orit Geva-Dvash sold 508 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $175.00, for a total value of $88,900.00. Following the completion of the transaction, the vice president directly owned 5,205 shares in the company, valued at approximately $910,875. This represents a 8.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,843 shares of company stock worth $4,514,249 over the last three months. 79.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Camtek

Several institutional investors and hedge funds have recently modified their holdings of the business. Raiffeisen Bank International AG grew its position in Camtek by 26.3% during the fourth quarter. Raiffeisen Bank International AG now owns 120,000 shares of the semiconductor company's stock worth $13,032,000 after buying an additional 25,000 shares in the last quarter. Y.D. More Investments Ltd raised its holdings in Camtek by 20.8% in the 1st quarter. Y.D. More Investments Ltd now owns 783,365 shares of the semiconductor company's stock valued at $114,901,000 after acquiring an additional 134,791 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Camtek in the 1st quarter valued at $7,225,000. Lisanti Capital Growth LLC acquired a new position in Camtek in the 4th quarter valued at $2,301,000. Finally, Analog Century Management LP lifted its position in shares of Camtek by 14.8% during the 4th quarter. Analog Century Management LP now owns 693,720 shares of the semiconductor company's stock valued at $73,774,000 after acquiring an additional 89,461 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Price Performance

CAMT stock opened at $149.12 on Monday. Camtek has a 1-year low of $91.91 and a 1-year high of $215.99. The business's 50 day simple moving average is $147.14 and its 200 day simple moving average is $162.06. The company has a current ratio of 7.38, a quick ratio of 6.58 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $6.96 billion, a PE ratio of 233.00, a PEG ratio of 3.21 and a beta of 1.56.

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

Camtek Company Profile

Camtek Ltd. NASDAQ: CAMT is an Israel-based semiconductor equipment company that develops, manufactures and sells automated inspection and metrology systems. Its technologies are used to detect defects, measure wafer and package characteristics, and support process control during semiconductor manufacturing and advanced packaging.

The company's product portfolio includes inspection systems for wafers, substrates and semiconductor packages, as well as metrology solutions and related software.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.