Camtek (NASDAQ:CAMT) Now Covered by Cantor Fitzgerald

Equities research analysts at Cantor Fitzgerald assumed coverage on shares of Camtek (NASDAQ:CAMT) in a note issued to investors on Monday, Marketbeat.com reports. The firm set a “neutral” rating and a $100.00 price target on the semiconductor company’s stock. Cantor Fitzgerald’s price objective suggests a potential upside of 11.71% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus reissued a “buy” rating and set a $105.00 target price on shares of Camtek in a research note on Thursday, December 12th. StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Northland Securities upped their target price on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $95.00 price target on shares of Camtek in a research note on Wednesday, November 13th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Camtek presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.78.

Camtek Stock Performance

CAMT opened at $89.52 on Monday. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $79.50 and its 200-day moving average is $88.16. The stock has a market cap of $4.06 billion, a PE ratio of 41.25, a price-to-earnings-growth ratio of 1.36 and a beta of 1.33. Camtek has a twelve month low of $69.83 and a twelve month high of $140.50.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The firm had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. During the same quarter in the previous year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. On average, analysts predict that Camtek will post 2.53 earnings per share for the current year.

Institutional Investors Weigh In On Camtek

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. grew its holdings in shares of Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 145 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Camtek by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company’s stock valued at $755,000 after purchasing an additional 148 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Camtek by 23,300.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 466 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in Camtek by 5.0% in the 2nd quarter. Axxcess Wealth Management LLC now owns 12,329 shares of the semiconductor company’s stock worth $1,544,000 after purchasing an additional 586 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Camtek by 14.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,851 shares of the semiconductor company’s stock worth $605,000 after buying an additional 613 shares during the period. 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.