Camtek (NASDAQ:CAMT) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Camtek (NASDAQ:CAMT) in a report published on Wednesday,Benzinga reports. They currently have a $95.00 price objective on the semiconductor company’s stock.

A number of other brokerages also recently weighed in on CAMT. Northland Securities increased their price target on shares of Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday. B. Riley reduced their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. StockNews.com cut shares of Camtek from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Finally, Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Camtek has an average rating of “Moderate Buy” and an average target price of $110.57.

Camtek Price Performance

Shares of CAMT stock opened at $74.07 on Wednesday. The firm’s 50 day moving average price is $79.27 and its two-hundred day moving average price is $95.57. The stock has a market cap of $3.36 billion, a PE ratio of 34.13, a PEG ratio of 1.50 and a beta of 1.38. Camtek has a 52-week low of $59.33 and a 52-week high of $140.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.29 and a current ratio of 5.28.

Camtek (NASDAQ:CAMT) last announced 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 return on equity of 24.21% and a net margin of 26.53%. The business had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $108.51 million. During the same period in the previous year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. As a group, analysts forecast that Camtek will post 2.45 EPS for the current year.

Hedge Funds Weigh In On Camtek

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fred Alger Management LLC acquired a new position in shares of Camtek during the second quarter worth about $8,386,000. Meitav Investment House Ltd. lifted its stake in Camtek by 14.1% in the 3rd quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company’s stock valued at $29,887,000 after acquiring an additional 46,016 shares in the last quarter. Sei Investments Co. boosted 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 worth $7,914,000 after acquiring an additional 27,707 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Camtek during the 2nd quarter worth approximately $1,423,000. Finally, Tidal Investments LLC acquired a new stake in shares of Camtek in the first quarter valued at approximately $1,716,000. 41.93% of the stock is owned by institutional investors and hedge funds.

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.