Camtek (NASDAQ:CAMT) Upgraded at StockNews.com

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

Several other research firms have also issued reports on CAMT. Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $95.00 price target on shares of Camtek in a report on Wednesday, November 13th. B. Riley cut their target price on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Northland Securities increased their price target on Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $110.57.

Camtek Price Performance

NASDAQ CAMT opened at $74.94 on Wednesday. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 1.36 and a beta of 1.38. 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 company’s 50 day moving average is $79.05 and its two-hundred day moving average is $95.31. Camtek has a 12 month low of $59.33 and a 12 month high of $140.50.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. Camtek’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 EPS. As a group, research analysts anticipate that Camtek will post 2.52 earnings per share for the current year.

Hedge Funds Weigh In On Camtek

Large investors have recently made changes to their positions in the stock. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Camtek by 21.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock worth $121,734,000 after buying an additional 268,258 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in Camtek by 7.5% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock valued at $68,388,000 after acquiring an additional 60,088 shares in the last quarter. Two Sigma Advisers LP increased its stake in Camtek by 107.5% during the third quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock worth $57,548,000 after purchasing an additional 373,400 shares during the period. Hood River Capital Management LLC lifted its position in shares of Camtek by 1.9% during the first quarter. Hood River Capital Management LLC now owns 691,780 shares of the semiconductor company’s stock worth $57,950,000 after purchasing an additional 13,094 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its position in shares of Camtek by 723.7% during the second quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock worth $78,709,000 after purchasing an additional 550,854 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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.