Northland Securities Boosts Camtek (NASDAQ:CAMT) Price Target to $102.00

Camtek (NASDAQ:CAMT - Free Report) had its price objective hoisted by Northland Securities from $99.00 to $102.00 in a report issued on Wednesday,Benzinga reports. They currently have an outperform rating on the semiconductor company's stock.

Several other equities research analysts have also issued reports on the stock. StockNews.com lowered shares of Camtek from a "hold" rating to a "sell" rating in a research note on Tuesday. B. Riley reduced their price objective on shares of Camtek from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $140.00 price objective on shares of Camtek in a research note on Friday, August 2nd. Finally, Northland Capmk raised shares of Camtek from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 5th. One 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 company. According to data from MarketBeat, Camtek presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.57.

Camtek Stock Down 5.3 %

Shares of Camtek stock traded down $4.47 on Wednesday, hitting $80.29. 482,291 shares of the company traded hands, compared to its average volume of 540,199. The company has a 50-day moving average price of $79.51 and a 200 day moving average price of $95.75. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. Camtek has a 12-month low of $59.33 and a 12-month high of $140.50. The company has a market cap of $3.64 billion, a PE ratio of 37.51, a PEG ratio of 1.70 and a beta of 1.38.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS 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 24.84%. The business had revenue of $112.30 million for the quarter, compared to analysts' expectations of $108.51 million. During the same period in the previous year, the company posted $0.46 EPS. Camtek's revenue was up 39.5% on a year-over-year basis. Sell-side analysts predict that Camtek will post 2.45 earnings per share for the current year.

Institutional Investors Weigh In On Camtek

Several large investors have recently made changes to their positions in CAMT. Lord Abbett & CO. LLC bought a new stake in shares of Camtek during the first quarter worth $55,026,000. Y.D. More Investments Ltd increased 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 acquiring an additional 550,854 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Camtek by 3,005.3% during the third quarter. The Manufacturers Life Insurance Company now owns 330,716 shares of the semiconductor company's stock worth $26,408,000 after acquiring an additional 320,066 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased 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 acquiring an additional 268,258 shares in the last quarter. Finally, abrdn plc bought a new stake in shares of Camtek during the third quarter worth $11,387,000. 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.