Camtek Ltd. (NASDAQ:CAMT) Stock Rated “Moderate Buy” by Wall Street Brokerages

Camtek Ltd. (NASDAQ:CAMT) has been given a consensus rating of “Moderate Buy” by the fourteen analysts that are 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 1 year price objective among analysts that have issued ratings on the stock in the last year is $177.83.

CAMT has been the subject of a number of recent analyst reports. Cantor Fitzgerald reissued a “neutral” rating and set a $175.00 price objective on shares of Camtek in a research report on Tuesday, September 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Camtek in a research report on Tuesday, August 11th. Morgan Stanley dropped their price target on shares of Camtek from $167.00 to $165.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 11th. Finally, Stifel Nicolaus set a $170.00 price target on shares of Camtek in a research note on Monday, August 10th.

Camtek Stock Performance

Shares of Camtek stock opened at $147.05 on Monday. The stock has a 50 day moving average of $147.39 and a 200 day moving average of $161.66. The company has a debt-to-equity ratio of 0.69, a quick ratio of 6.58 and a current ratio of 7.38. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 229.77, a PEG ratio of 3.17 and a beta of 1.56. Camtek has a fifty-two week low of $91.91 and a fifty-two week high of $215.99.

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

Insider Transactions at Camtek

In other Camtek news, CFO Moshe Eisenberg sold 645 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $172.67, for a total value of $111,372.15. Following the sale, the chief financial officer owned 16,239 shares of the company’s stock, valued at $2,803,988.13. The trade was a 3.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Orit Geva-Dvash sold 508 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $175.00, for a total value of $88,900.00. Following the completion of the sale, the vice president directly owned 5,205 shares in the company, valued at approximately $910,875. The trade was a 8.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 26,843 shares of company stock worth $4,514,249 in the last three months. Company insiders own 79.40% of the company’s stock.

Institutional Investors Weigh In On Camtek

Several large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its stake in Camtek by 46.8% during the first quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 95 shares during the last quarter. Lifestyle Asset Management Inc. increased its stake in Camtek by 2.5% in the fourth quarter. Lifestyle Asset Management Inc. now owns 4,764 shares of the semiconductor company’s stock valued at $507,000 after purchasing an additional 115 shares during the last quarter. NewEdge Advisors LLC increased its stake in Camtek by 6.0% in the first quarter. NewEdge Advisors LLC now owns 2,072 shares of the semiconductor company’s stock valued at $314,000 after purchasing an additional 117 shares during the last quarter. IFP Advisors Inc raised its holdings in Camtek by 576.7% during the second quarter. IFP Advisors Inc now owns 203 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 173 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in Camtek during the first quarter worth approximately $42,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is an Israel-based semiconductor equipment company that develops, manufactures and sells automated inspection and metrology systems. Its technologies are used to detect defects, measure wafer and package characteristics, and support process control during semiconductor manufacturing and advanced packaging.

The company’s product portfolio includes inspection systems for wafers, substrates and semiconductor packages, as well as metrology solutions and related software.