Camtek (NASDAQ:CAMT) Price Target Raised to $102.00

Camtek (NASDAQ:CAMT) had its target price hoisted by Northland Securities from $99.00 to $102.00 in a report issued on Wednesday morning,Benzinga reports. Northland Securities currently has an outperform rating on the semiconductor company’s stock.

CAMT has been the subject of several other research reports. StockNews.com cut shares of Camtek from a “hold” rating to a “sell” rating in a research report on Tuesday. Northland Capmk raised Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. B. Riley lowered their price objective on Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $140.00 price objective on shares of Camtek in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.57.

Camtek Price Performance

Shares of CAMT stock opened at $74.07 on Wednesday. Camtek has a 52 week low of $59.33 and a 52 week high of $140.50. The stock has a market capitalization of $3.36 billion, a PE ratio of 34.13, a PEG ratio of 1.50 and a beta of 1.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.29 and a current ratio of 5.28. The stock’s fifty day moving average is $79.27 and its 200-day moving average is $95.46.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The firm had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The company’s revenue was up 39.5% on a year-over-year basis. Equities research analysts expect that Camtek will post 2.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new stake in shares of Camtek in the 3rd quarter valued at $6,481,000. Y Intercept Hong Kong Ltd increased its holdings in shares of Camtek by 407.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 9,234 shares of the semiconductor company’s stock worth $737,000 after acquiring an additional 7,414 shares in the last quarter. Pier Capital LLC raised its position in shares of Camtek by 44.1% during the third quarter. Pier Capital LLC now owns 92,920 shares of the semiconductor company’s stock worth $7,420,000 after purchasing an additional 28,434 shares during the period. XTX Topco Ltd bought a new position in shares of Camtek during the 3rd quarter valued at about $671,000. Finally, Castleark Management LLC grew its position in shares of Camtek by 41.0% in the 3rd quarter. Castleark Management LLC now owns 16,280 shares of the semiconductor company’s stock valued at $1,300,000 after purchasing an additional 4,730 shares during the period. Institutional investors own 41.93% of the company’s stock.

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.