Camtek Ltd. (NASDAQ:CAMT) Receives $74.75 Consensus Price Target from Brokerages

Camtek Ltd. (NASDAQ:CAMT) has received a consensus rating of “Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $74.75.

A number of analysts have recently weighed in on the stock. Barclays increased their target price on shares of Camtek from $82.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Evercore ISI initiated coverage on Camtek in a report on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 price objective for the company. Finally, B. Riley reissued a “buy” rating and set a $102.00 target price on shares of Camtek in a research note on Tuesday, March 26th.

Camtek Price Performance

Shares of Camtek stock opened at $78.88 on Monday. The stock has a market capitalization of $3.54 billion, a P/E ratio of 48.69, a price-to-earnings-growth ratio of 2.84 and a beta of 1.41. Camtek has a one year low of $25.70 and a one year high of $90.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 4.77. The business’s 50 day simple moving average is $80.41 and its two-hundred day simple moving average is $72.04.

Camtek (NASDAQ:CAMT) last issued its earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.53 by $0.04. The company had revenue of $88.70 million for the quarter, compared to the consensus estimate of $88.02 million. Camtek had a net margin of 24.93% and a return on equity of 18.92%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 earnings per share. Analysts forecast that Camtek will post 2.12 EPS for the current year.

Camtek Dividend Announcement

The company also recently announced a Variable dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were given a $1.33 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. Camtek’s dividend payout ratio is currently 82.10%.

Hedge Funds Weigh In On Camtek

Institutional investors have recently added to or reduced their stakes in the company. AE Wealth Management LLC bought a new position in shares of Camtek during the third quarter valued at approximately $515,000. Commonwealth Equity Services LLC bought a new position in Camtek during the 3rd quarter valued at approximately $267,000. Raymond James & Associates bought a new stake in Camtek in the third quarter worth $691,000. Shaker Investments LLC OH bought a new stake in Camtek in the third quarter worth $409,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Camtek by 21.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,871 shares of the semiconductor company’s stock worth $490,000 after acquiring an additional 1,379 shares during the last quarter. Institutional investors own 41.93% of the company’s stock.

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.