Camtek (NASDAQ:CAMT) Given New $120.00 Price Target at Northland Securities

Camtek (NASDAQ:CAMT - Free Report) had its target price raised by Northland Securities from $102.00 to $120.00 in a report released on Tuesday,Benzinga reports. They currently have an outperform rating on the semiconductor company's stock.

Several other equities analysts also recently issued reports on the stock. StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Stifel Nicolaus reissued a "buy" rating and set a $105.00 price target on shares of Camtek in a research report on Thursday, December 12th. Finally, Needham & Company LLC restated a "buy" rating and issued a $95.00 price objective on shares of Camtek in a report on Wednesday, November 13th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $112.13.

Camtek Price Performance

Shares of CAMT stock traded up $2.55 during mid-day trading on Tuesday, reaching $91.05. The stock had a trading volume of 591,058 shares, compared to its average volume of 408,264. The company has a market cap of $4.13 billion, a P/E ratio of 41.96, a price-to-earnings-growth ratio of 1.36 and a beta of 1.33. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. Camtek has a 12-month low of $67.67 and a 12-month high of $140.50. The business has a 50-day simple moving average of $78.24 and a 200 day simple moving average of $89.18.

Camtek (NASDAQ:CAMT - Get Free Report) last posted 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 net margin of 26.53% and a return on equity of 24.21%. The firm had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. During the same period last year, the firm posted $0.46 EPS. The firm's revenue for the quarter was up 39.5% on a year-over-year basis. On average, sell-side analysts anticipate that Camtek will post 2.53 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its stake in shares of Camtek by 78.8% during the 3rd 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. Wilmington Savings Fund Society FSB bought a new position in Camtek during the 3rd quarter valued at $53,000. Northwestern Mutual Wealth Management Co. grew its holdings in Camtek by 23,300.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company's stock worth $59,000 after acquiring an additional 466 shares in the last quarter. Gateway Wealth Partners LLC bought a new stake in shares of Camtek in the 2nd quarter worth about $220,000. Finally, Susquehanna International Group Ltd. acquired a new stake in shares of Camtek in the 2nd quarter valued at about $237,000. Hedge funds and other institutional investors own 41.93% of the company's stock.

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.