By otakuyassine3@gmail.com 
Shares of Camtek Ltd. (NASDAQ:CAMT – Get Free Report) have received a consensus recommendation of “Buy” from the ten research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $112.44.
A number of brokerages recently weighed in on CAMT. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Stifel Nicolaus restated a “buy” rating and issued a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. Cantor Fitzgerald began coverage on shares of Camtek in a research note on Monday, January 13th. They set a “neutral” rating and a $100.00 price objective for the company. Barclays lowered their target price on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $95.00 price target on shares of Camtek in a research report on Wednesday, November 13th.
View Our Latest Analysis on CAMT
Camtek Trading Up 3.9 %
NASDAQ:CAMT opened at $94.54 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28. The firm has a 50-day simple moving average of $84.49 and a 200-day simple moving average of $85.15. Camtek has a one year low of $69.83 and a one year high of $140.50. The firm has a market cap of $4.29 billion, a P/E ratio of 43.57, a P/E/G ratio of 1.38 and a beta of 1.33.
Camtek (NASDAQ:CAMT – Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. Camtek’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Equities analysts anticipate that Camtek will post 2.53 EPS for the current fiscal year.
Hedge Funds Weigh In On Camtek
Several hedge funds have recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd lifted its stake in Camtek by 21.5% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock valued at $121,734,000 after acquiring an additional 268,258 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in Camtek by 32.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company’s stock valued at $91,711,000 after purchasing an additional 279,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in Camtek by 9.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company’s stock valued at $77,852,000 after purchasing an additional 81,709 shares during the period. Two Sigma Advisers LP boosted its holdings in Camtek by 107.5% in the third quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock valued at $57,548,000 after purchasing an additional 373,400 shares during the last quarter. Finally, Y.D. More Investments Ltd grew its position in Camtek by 6.0% during the 4th quarter. Y.D. More Investments Ltd now owns 525,413 shares of the semiconductor company’s stock worth $42,905,000 after purchasing an additional 29,580 shares during the period. 41.93% of the stock is owned by institutional investors and hedge funds.
Camtek Company Profile
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.
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