Camtek (NASDAQ:CAMT) Stock Price Up 2% - Here's What Happened

Camtek Ltd. (NASDAQ:CAMT - Get Free Report)'s share price traded up 2% during mid-day trading on Monday . The stock traded as high as $51.57 and last traded at $51.57. 86,202 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 564,884 shares. The stock had previously closed at $50.56.

Analysts Set New Price Targets

Several research analysts have issued reports on CAMT shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $110.00 price target on shares of Camtek in a report on Thursday, February 13th. Northland Securities upped their target price on Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. StockNews.com raised Camtek from a "sell" rating to a "hold" rating in a research note on Sunday, April 6th. Barclays reduced their price objective on shares of Camtek from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Finally, Cantor Fitzgerald assumed coverage on shares of Camtek in a research report on Monday, January 13th. They issued a "neutral" rating and a $100.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $110.22.

Camtek Trading Up 4.3 %

The company's 50 day simple moving average is $70.07 and its two-hundred day simple moving average is $78.13. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Research analysts expect that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Camtek

Large investors have recently made changes to their positions in the company. Wasatch Advisors LP lifted its stake in Camtek by 311.8% in the fourth quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company's stock valued at $96,341,000 after acquiring an additional 903,126 shares during the last quarter. Menora Mivtachim Holdings LTD. lifted its stake in shares of Camtek by 81.8% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company's stock valued at $126,521,000 after purchasing an additional 705,000 shares during the last quarter. Meitav Investment House Ltd. boosted its holdings in Camtek by 119.3% in the fourth quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company's stock worth $66,159,000 after purchasing an additional 445,079 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in Camtek during the fourth quarter worth $30,956,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Camtek by 32.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company's stock worth $91,711,000 after buying an additional 279,000 shares during the last quarter. 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.