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

StockNews.com upgraded shares of Camtek (NASDAQ:CAMT) from a sell rating to a hold rating in a report issued on Friday.

Several other analysts also recently weighed in on CAMT. Needham & Company LLC restated a “buy” rating and set a $140.00 price objective on shares of Camtek in a research report on Friday, August 2nd. B. Riley decreased their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Northland Securities upgraded shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price objective for the company in a research report on Monday, August 5th. Finally, Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Camtek currently has a consensus rating of “Buy” and a consensus target price of $116.57.

Camtek Price Performance

CAMT stock opened at $77.66 on Friday. The company’s 50-day moving average price is $82.95 and its two-hundred day moving average price is $95.71. The firm has a market cap of $3.49 billion, a P/E ratio of 43.88, a P/E/G ratio of 1.55 and a beta of 1.38. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. Camtek has a 12 month low of $49.64 and a 12 month high of $140.50.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The business had revenue of $102.60 million for the quarter, compared to analysts’ expectations of $101.26 million. During the same period last year, the firm posted $0.38 earnings per share. The firm’s quarterly revenue was up 39.4% compared to the same quarter last year. On average, analysts anticipate that Camtek will post 2.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

Institutional investors have recently added to or reduced their stakes in the business. Fred Alger Management LLC bought a new position in Camtek during the 2nd quarter worth $8,386,000. Sei Investments Co. increased its position in Camtek by 41.5% during the 1st quarter. Sei Investments Co. now owns 94,473 shares of the semiconductor company’s stock valued at $7,914,000 after purchasing an additional 27,707 shares during the period. Jennison Associates LLC raised its holdings in Camtek by 383.1% during the 1st quarter. Jennison Associates LLC now owns 23,015 shares of the semiconductor company’s stock worth $1,928,000 after purchasing an additional 18,251 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Camtek in the 2nd quarter worth approximately $1,423,000. Finally, Tidal Investments LLC bought a new stake in shares of Camtek in the 1st quarter valued at $1,716,000. 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.