Morgan Stanley Issues Positive Forecast for Camtek (NASDAQ:CAMT) Stock Price

Camtek (NASDAQ:CAMT) had its target price raised by analysts at Morgan Stanley from $163.00 to $167.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley’s target price would suggest a potential upside of 17.19% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Needham & Company LLC raised their price target on shares of Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. B. Riley Financial reaffirmed a “buy” rating on shares of Camtek in a report on Monday, April 20th. Weiss Ratings upgraded shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 14th. Oppenheimer increased their price objective on shares of Camtek from $180.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Finally, Barclays raised their target price on shares of Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Camtek has a consensus rating of “Moderate Buy” and an average target price of $174.67.

Camtek Stock Performance

Shares of CAMT opened at $142.50 on Monday. The stock has a 50-day moving average of $176.29 and a two-hundred day moving average of $158.72. Camtek has a one year low of $75.75 and a one year high of $215.99. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.46 and a current ratio of 8.35. The stock has a market cap of $6.65 billion, a P/E ratio of 163.79, a P/E/G ratio of 3.42 and a beta of 1.55.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The business had revenue of $121.66 million for the quarter, compared to analyst estimates of $120.15 million. During the same period in the prior year, the company earned $0.79 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. As a group, research analysts predict that Camtek will post 3.14 EPS for the current year.

Institutional Trading of Camtek

Several institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP increased its position in shares of Camtek by 14.7% in the third quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock valued at $422,373,000 after buying an additional 513,956 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Camtek by 38.2% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,302,009 shares of the semiconductor company’s stock valued at $349,008,000 after buying an additional 636,773 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its stake in Camtek by 31.1% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock valued at $220,537,000 after acquiring an additional 497,918 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in Camtek by 12.0% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock valued at $140,205,000 after acquiring an additional 140,796 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Camtek by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock worth $116,615,000 after acquiring an additional 7,220 shares in the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

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.