Camtek (NASDAQ:CAMT) Stock Rating Upgraded by Wall Street Zen

Camtek (NASDAQ:CAMT) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Wednesday.

A number of other research analysts have also recently issued reports on CAMT. Barclays decreased their target price on Camtek from $120.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Bank of America decreased their target price on shares of Camtek from $105.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Needham & Company LLC reduced their price objective on Camtek from $110.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, May 14th. Evercore ISI reduced their price objective on Camtek from $100.00 to $82.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 14th. Finally, B. Riley boosted their price target on Camtek from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Camtek currently has an average rating of “Moderate Buy” and a consensus price target of $90.78.

Camtek Trading Up 0.4%

Shares of CAMT stock opened at $65.00 on Wednesday. The firm has a 50 day moving average price of $63.07 and a two-hundred day moving average price of $75.04. 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 company has a market capitalization of $2.96 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. Camtek has a 12-month low of $47.41 and a 12-month high of $140.50.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. Camtek had a net margin of 27.61% and a return on equity of 24.99%. The business had revenue of $118.64 million for the quarter, compared to analyst estimates of $119.00 million. During the same period last year, the firm earned $0.63 earnings per share. Camtek’s revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, analysts predict that Camtek will post 2.93 earnings per share for the current year.

Institutional Trading of Camtek

Several large investors have recently modified their holdings of the stock. Jones Financial Companies Lllp grew its position in Camtek by 364.0% in the 4th 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 period. Huntington National Bank boosted its position in shares of Camtek by 42.4% during the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 123 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Camtek during the first quarter valued at approximately $31,000. Advisors Asset Management Inc. boosted its position in shares of Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 293 shares during the last quarter. Finally, State of Wyoming boosted its position in shares of Camtek by 146.2% during the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock valued at $163,000 after buying an additional 1,200 shares during the last quarter. 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.