StockNews.com Upgrades Camtek (NASDAQ:CAMT) to “Hold”

Camtek (NASDAQ:CAMT) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

Several other equities analysts have also issued reports on the company. Northland Capmk raised Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. B. Riley cut their price target on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 price target on shares of Camtek in a research note on Friday, August 2nd. Finally, Northland Securities raised Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a research note on Monday, August 5th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $116.57.

Camtek Price Performance

Shares of CAMT stock opened at $77.59 on Friday. The stock’s fifty day moving average is $83.39 and its 200-day moving average is $95.51. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21. The stock has a market capitalization of $3.48 billion, a PE ratio of 43.84, a PEG ratio of 1.55 and a beta of 1.38. Camtek has a 52 week low of $49.64 and a 52 week high of $140.50.

Camtek (NASDAQ:CAMT) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $102.60 million for the quarter, compared to analysts’ expectations of $101.26 million. Camtek had a return on equity of 22.57% and a net margin of 25.93%. The business’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. Equities research analysts expect that Camtek will post 2.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Camtek

Several large investors have recently modified their holdings of CAMT. Fred Alger Management LLC bought a new position in shares of Camtek during the second quarter worth about $8,386,000. Sei Investments Co. grew its holdings in shares of 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 buying an additional 27,707 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Camtek by 383.1% during the first quarter. Jennison Associates LLC now owns 23,015 shares of the semiconductor company’s stock worth $1,928,000 after buying an additional 18,251 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Camtek during the second quarter worth about $1,423,000. Finally, Tidal Investments LLC bought a new position in Camtek in the first quarter valued at approximately $1,716,000. 41.93% of the stock is currently owned by institutional investors.

Camtek Company Profile

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.