Camtek (NASDAQ:CAMT) Shares Up 2% – Should You Buy?

Camtek Ltd. (NASDAQ:CAMT)’s stock price traded up 2% during mid-day trading on Monday . The company traded as high as $51.57 and last traded at $51.57. 86,202 shares changed hands during trading, a decline of 85% from the average session volume of 564,884 shares. The stock had previously closed at $50.56.

Analysts Set New Price Targets

CAMT has been the topic of a number of recent analyst reports. Northland Securities raised their target price on shares of Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price target on shares of Camtek in a research note on Thursday, December 12th. Barclays decreased their price objective on Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price target on shares of Camtek in a research report on Thursday, February 13th. Finally, Jefferies Financial Group lowered their target price on shares of Camtek from $120.00 to $85.00 and set a “buy” rating for the company in a report on Friday, March 28th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.22.

Camtek Stock Performance

The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $73.88 and a 200-day moving average of $78.91. The company has a market cap of $2.52 billion, a P/E ratio of 22.80, a PEG ratio of 1.89 and a beta of 1.42.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. As a group, sell-side analysts anticipate that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its stake in Camtek by 364.0% in the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 324 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Camtek by 42.4% in the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Camtek in the 3rd quarter worth approximately $53,000. State of Wyoming raised its stake in shares of Camtek by 146.2% during the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock worth $163,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Optimum Investment Advisors lifted its position in Camtek by 43.3% during the fourth quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company’s stock valued at $174,000 after acquiring an additional 650 shares during the last quarter. 41.93% of the stock is owned by institutional investors.

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.