Camtek (NASDAQ:CAMT) Given New $102.00 Price Target at Northland Securities

Camtek (NASDAQ:CAMT) had its price target upped by Northland Securities from $99.00 to $102.00 in a research note published on Wednesday,Benzinga reports. They currently have an outperform rating on the semiconductor company’s stock.

Several other analysts also recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Camtek in a research report on Friday, August 2nd. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. StockNews.com cut shares of Camtek from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Finally, B. Riley dropped their target price on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.57.

Camtek Stock Performance

NASDAQ:CAMT opened at $74.07 on Wednesday. The firm’s fifty day simple moving average is $79.27 and its 200 day simple moving average is $95.57. The company has a current ratio of 5.28, a quick ratio of 4.29 and a debt-to-equity ratio of 0.38. Camtek has a twelve month low of $59.33 and a twelve month high of $140.50. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 1.50 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The company had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. During the same period last year, the company posted $0.46 earnings per share. The firm’s revenue was up 39.5% compared to the same quarter last year. As a group, equities research analysts expect that Camtek will post 2.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

A number of institutional investors have recently modified their holdings of the stock. Swiss National Bank raised its stake in Camtek by 1.3% during the first quarter. Swiss National Bank now owns 58,287 shares of the semiconductor company’s stock valued at $4,850,000 after buying an additional 750 shares in the last quarter. Sei Investments Co. lifted its stake in Camtek by 41.5% during the first quarter. Sei Investments Co. now owns 94,473 shares of the semiconductor company’s stock worth $7,914,000 after purchasing an additional 27,707 shares during the last quarter. Headlands Technologies LLC bought a new position in Camtek during the first quarter worth $50,000. Russell Investments Group Ltd. increased its stake in Camtek by 524.6% during the first quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 1,238 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Camtek during the first quarter worth $55,026,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

About Camtek

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.