Brokerages Set Camtek Ltd. (NASDAQ:CAMT) Target Price at $123.00

Camtek Ltd. (NASDAQ:CAMT) has earned an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $123.00.

CAMT has been the topic of several recent analyst reports. Jefferies Financial Group lifted their target price on shares of Camtek from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Bank of America upgraded Camtek from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $95.00 to $135.00 in a report on Monday, October 13th. The Goldman Sachs Group initiated coverage on Camtek in a research report on Monday, December 15th. They issued a “neutral” rating and a $123.00 price objective on the stock. Barclays raised their target price on Camtek from $85.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, November 11th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $120.00 target price on shares of Camtek in a research note on Tuesday, December 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new stake in shares of Camtek during the 3rd quarter worth approximately $32,000. Advisors Asset Management Inc. lifted its stake 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. Rothschild Investment LLC bought a new position in Camtek during the third quarter valued at $54,000. Optimum Investment Advisors increased its position in Camtek by 60.0% in the second quarter. Optimum Investment Advisors now owns 1,200 shares of the semiconductor company’s stock worth $101,000 after buying an additional 450 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in Camtek in the third quarter worth $205,000. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Camtek Price Performance

CAMT opened at $105.98 on Friday. The firm’s fifty day moving average price is $112.21 and its two-hundred day moving average price is $97.63. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 117.76, a P/E/G ratio of 2.31 and a beta of 1.57. The company has a debt-to-equity ratio of 0.90, a current ratio of 7.58 and a quick ratio of 6.52. Camtek has a 1 year low of $47.41 and a 1 year high of $129.41.

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.