Camtek Ltd. (NASDAQ:CAMT) Stock Has Average Price Target of $164.00 According to Analysts

Key Points

• Analyst sentiment is mixed: 14 firms average a “Hold” rating—seven Buys, six Holds and one Sell—with an average 12-month price target of $164.
• Camtek reported quarterly revenue growth of 28% year over year to $161.29 million, slightly above estimates; earnings of $0.99 per share matched consensus.
• Shares opened at $105.04, below their 50-day and 200-day moving averages. Company insiders sold a combined 19,737 shares worth about $3.37 million over the past three months.

Shares of Camtek Ltd. (NASDAQ:CAMT - Get Free Report) have received an average recommendation of "Hold" from the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $164.00.

A number of brokerages have commented on CAMT. Stifel Nicolaus set a $140.00 target price on shares of Camtek in a report on Wednesday, November 4th. Cantor Fitzgerald restated a "neutral" rating and issued a $175.00 price target on shares of Camtek in a report on Tuesday, September 22nd. Weiss Ratings restated a "hold (c)" rating on shares of Camtek in a report on Tuesday, August 11th. Needham & Company LLC cut their price target on shares of Camtek from $170.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, November 4th. Finally, B. Riley Financial reduced their price target on Camtek from $166.00 to $138.00 and set a "buy" rating on the stock in a research report on Monday.

Camtek Trading Up 8.2%

NASDAQ:CAMT opened at $105.04 on Tuesday. The firm has a 50-day simple moving average of $136.14 and a 200-day simple moving average of $155.84. Camtek has a one year low of $89.13 and a one year high of $215.99. The firm has a market cap of $4.90 billion, a P/E ratio of 39.79, a P/E/G ratio of 2.02 and a beta of 1.69. The company has a debt-to-equity ratio of 0.69, a quick ratio of 6.58 and a current ratio of 7.38.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its earnings results on Wednesday, November 4th. The semiconductor company reported $0.99 earnings per share for the quarter, hitting analysts' consensus estimates of $0.99. The company had revenue of $161.29 million during the quarter, compared to analyst estimates of $160.36 million. Camtek had a return on equity of 22.05% and a net margin of 24.56%. Camtek's revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. Equities analysts anticipate that Camtek will post 3.27 EPS for the current fiscal year.

Insider Transactions at Camtek

In related news, Director Karni Yarl Andorn sold 3,176 shares of the business's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $164.40, for a total transaction of $522,134.40. Following the transaction, the director directly owned 1,343 shares in the company, valued at $220,789.20. The trade was a 70.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Orit Geva-Dvash sold 508 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $175.00, for a total value of $88,900.00. Following the transaction, the vice president directly owned 5,205 shares in the company, valued at $910,875. This represents a 8.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 19,737 shares of company stock worth $3,367,056. 79.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Camtek

Large investors have recently modified their holdings of the business. Royce & Associates LP raised its position in shares of Camtek by 6.0% in the 3rd quarter. Royce & Associates LP now owns 223,391 shares of the semiconductor company's stock valued at $34,681,000 after purchasing an additional 12,680 shares during the last quarter. Phoenix Financial Ltd. grew its position in Camtek by 746.3% during the 3rd quarter. Phoenix Financial Ltd. now owns 2,013,214 shares of the semiconductor company's stock worth $311,938,000 after purchasing an additional 1,775,319 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in Camtek by 15.6% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,060,896 shares of the semiconductor company's stock worth $475,204,000 after purchasing an additional 412,500 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its position in Camtek by 12.3% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 1,763 shares of the semiconductor company's stock worth $274,000 after purchasing an additional 193 shares during the last quarter. Finally, Associated Banc Corp acquired a new position in Camtek during the 3rd quarter valued at approximately $211,000. Hedge funds and other institutional investors own 41.93% of the company's stock.

Camtek Company Profile

Camtek Ltd. develops, manufactures and sells inspection and metrology equipment used in semiconductor manufacturing. Its systems help manufacturers detect defects and measure features on wafers and other components, supporting quality control as semiconductor devices become smaller and more complex.

The company's products serve applications including advanced packaging, memory, image sensors and other semiconductor processes. Camtek combines optical inspection hardware with software to analyze production data and identify issues during manufacturing.

Founded in 1987 and headquartered in Migdal HaEmek, Israel, Camtek serves customers in semiconductor manufacturing centers around the world through its international operations and support network.

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