Cantor Fitzgerald Initiates Coverage on Camtek (NASDAQ:CAMT)

Cantor Fitzgerald began coverage on shares of Camtek (NASDAQ:CAMT - Free Report) in a research report released on Monday, MarketBeat reports. The firm issued a neutral rating and a $100.00 target price on the semiconductor company's stock.

Several other equities analysts have also issued reports on CAMT. Northland Securities lifted their target price on Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Needham & Company LLC reiterated a "buy" rating and issued a $95.00 target price on shares of Camtek in a research note on Wednesday, November 13th. StockNews.com upgraded Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $105.00 target price on shares of Camtek in a research note on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $110.78.

Camtek Stock Down 4.1 %

Shares of CAMT stock traded down $3.66 on Monday, hitting $85.86. The stock had a trading volume of 156,830 shares, compared to its average volume of 371,441. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average price of $78.95 and a 200 day moving average price of $88.87. The company has a market cap of $3.90 billion, a PE ratio of 39.57, a P/E/G ratio of 1.36 and a beta of 1.33. Camtek has a one year low of $69.83 and a one year high of $140.50.

Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $108.51 million. During the same period in the previous year, the company posted $0.46 earnings per share. The firm's quarterly revenue was up 39.5% on a year-over-year basis. Research analysts anticipate that Camtek will post 2.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

Large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in 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 buying an additional 145 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in 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 buying an additional 466 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Camtek in the third quarter valued at approximately $53,000. Gateway Wealth Partners LLC purchased a new stake in Camtek in the second quarter valued at approximately $220,000. Finally, Susquehanna International Group Ltd. purchased a new stake in Camtek in the second quarter valued at approximately $237,000. 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.