Needham & Company LLC Reiterates Buy Rating for Camtek (NASDAQ:CAMT)

Needham & Company LLC reiterated their buy rating on shares of Camtek (NASDAQ:CAMT - Free Report) in a report released on Wednesday morning,Benzinga reports. Needham & Company LLC currently has a $95.00 price target on the semiconductor company's stock.

A number of other analysts also recently weighed in on CAMT. Northland Capmk raised shares of Camtek from a "hold" rating to a "strong-buy" rating in a report on Monday, August 5th. B. Riley dropped their price objective on shares of Camtek from $150.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. StockNews.com lowered shares of Camtek from a "hold" rating to a "sell" rating in a research note on Tuesday. Finally, Northland Securities raised their price objective on shares of Camtek from $99.00 to $102.00 and gave the company an "outperform" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $110.57.

Camtek Stock Performance

Shares of CAMT traded down $4.47 during midday trading on Wednesday, reaching $80.29. The stock had a trading volume of 482,291 shares, compared to its average volume of 540,199. The firm has a 50 day simple moving average of $79.51 and a 200-day simple moving average of $95.75. Camtek has a one year low of $59.33 and a one year high of $140.50. The firm has a market cap of $3.64 billion, a PE ratio of 37.51, a P/E/G ratio of 1.70 and a beta of 1.38. The company has a current ratio of 5.21, a quick ratio of 4.29 and a debt-to-equity ratio of 0.42.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.84%. The company had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. During the same quarter last year, the firm posted $0.46 EPS. The company's quarterly revenue was up 39.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Camtek will post 2.45 EPS for the current year.

Institutional Trading of Camtek

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. raised its holdings in shares of Camtek by 78.8% in the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 145 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Camtek by 23,300.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company's stock valued at $59,000 after purchasing an additional 466 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Camtek during the first quarter worth about $50,000. Russell Investments Group Ltd. increased its holdings in Camtek by 524.6% during the first quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company's stock worth $123,000 after buying an additional 1,238 shares during the last quarter. Finally, Gateway Wealth Partners LLC purchased a new stake in Camtek during the second quarter worth about $220,000. Hedge funds and other institutional investors 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.