Camtek (NASDAQ:CAMT) Stock Price Expected to Rise, Northland Securities Analyst Says

Camtek (NASDAQ:CAMT) had its target price hoisted by Northland Securities from $102.00 to $120.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the semiconductor company’s stock.

Several other research firms also recently commented on CAMT. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Needham & Company LLC reissued a “buy” rating and issued a $95.00 target price on shares of Camtek in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $105.00 target price on shares of Camtek in a research note on Thursday, December 12th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $112.13.

Camtek Stock Down 0.2 %

CAMT opened at $90.86 on Tuesday. The company has a market cap of $4.12 billion, a P/E ratio of 41.87, a P/E/G ratio of 1.36 and a beta of 1.33. The business’s 50-day moving average price is $78.42 and its 200-day moving average price is $89.19. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. Camtek has a 12 month low of $67.67 and a 12 month high of $140.50.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. The firm had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The company’s quarterly revenue was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 earnings per share. On average, equities analysts expect that Camtek will post 2.53 EPS for the current year.

Institutional Trading of Camtek

Several large investors have recently bought and sold shares of CAMT. Y.D. More Investments Ltd boosted its position in Camtek by 723.7% during the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock valued at $78,709,000 after acquiring an additional 550,854 shares in the last quarter. Two Sigma Advisers LP boosted its position in Camtek by 107.5% during the 3rd quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock valued at $57,548,000 after acquiring an additional 373,400 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Camtek by 3,005.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 330,716 shares of the semiconductor company’s stock valued at $26,408,000 after acquiring an additional 320,066 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in Camtek by 21.5% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock valued at $121,734,000 after acquiring an additional 268,258 shares in the last quarter. Finally, Fred Alger Management LLC boosted its position in Camtek by 224.8% during the 3rd quarter. Fred Alger Management LLC now owns 217,474 shares of the semiconductor company’s stock valued at $17,365,000 after acquiring an additional 150,513 shares in 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.