Brokerages Set Camtek Ltd. (NASDAQ:CAMT) PT at $173.25

Shares of Camtek Ltd. (NASDAQ:CAMT) have been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the firm, 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 twelve-month target price among brokers that have issued ratings on the stock in the last year is $173.25.

Several equities analysts have recently issued reports on CAMT shares. Barclays boosted their price target on shares of Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Needham & Company LLC boosted their target price on Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Camtek in a research note on Tuesday, August 11th. Jefferies Financial Group increased their price target on Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Morgan Stanley dropped their price target 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 related news, CEO Rafi Amit sold 6,250 shares of the stock in a transaction that occurred 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 approximately $9,438,282. This represents a 10.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karni Yarl Andorn sold 3,176 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 1,343 shares in the company, valued at $220,789.20. This trade represents a 70.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,843 shares of company stock worth $4,514,249 in the last three months. 79.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Camtek

Several institutional investors have recently bought and sold shares of CAMT. Wasatch Advisors LP grew its stake in shares of Camtek by 14.7% during the 3rd quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock worth $422,373,000 after acquiring an additional 513,956 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Camtek by 38.2% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,302,009 shares of the semiconductor company’s stock worth $349,008,000 after purchasing an additional 636,773 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Camtek by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock worth $116,615,000 after purchasing an additional 7,220 shares during the last quarter. Y.D. More Investments Ltd grew its position in Camtek by 20.8% in the first quarter. Y.D. More Investments Ltd now owns 783,365 shares of the semiconductor company’s stock valued at $114,901,000 after purchasing an additional 134,791 shares in the last quarter. Finally, Analog Century Management LP grew its position in Camtek by 14.8% in the fourth quarter. Analog Century Management LP now owns 693,720 shares of the semiconductor company’s stock valued at $73,774,000 after purchasing an additional 89,461 shares in the last quarter. Institutional investors own 41.93% of the company’s stock.

Camtek Stock Down 6.4%

Shares of NASDAQ CAMT opened at $135.57 on Thursday. The stock has a market cap of $6.33 billion, a P/E ratio of 211.83, a P/E/G ratio of 2.92 and a beta of 1.58. The firm has a 50 day moving average price of $151.27 and a 200 day moving average price of $163.99. 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 has a 52-week low of $75.75 and a 52-week high of $215.99.

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

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.