Camtek (NASDAQ:CAMT) Stock Price Up 6.9% - Still a Buy?

Camtek Ltd. (NASDAQ:CAMT - Get Free Report) shares rose 6.9% during mid-day trading on Monday . The stock traded as high as $89.13 and last traded at $88.41. Approximately 73,653 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 152,834 shares. The stock had previously closed at $82.69.

Analyst Ratings Changes

Several analysts recently weighed in on CAMT shares. Northland Securities raised their price objective on Camtek from $99.00 to $102.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Stifel Nicolaus reaffirmed a "buy" rating and set a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. Needham & Company LLC reissued a "buy" rating and issued a $95.00 price objective on shares of Camtek in a research note on Wednesday, November 13th. Finally, StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Camtek currently has an average rating of "Buy" and an average price target of $109.88.

Camtek Stock Performance

The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 1.36 and a beta of 1.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36. The company's 50-day moving average price is $78.09 and its two-hundred day moving average price is $89.35.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.06. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The company had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. During the same period in the previous year, the business earned $0.46 EPS. The firm's revenue was up 39.5% compared to the same quarter last year. On average, equities research analysts anticipate that Camtek Ltd. will post 2.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in 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 worth $26,000 after purchasing an additional 145 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Camtek in the 3rd quarter worth about $53,000. Northwestern Mutual Wealth Management Co. grew its position in Camtek by 23,300.0% during 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 period. Gateway Wealth Partners LLC purchased a new stake in Camtek during the second quarter worth about $220,000. Finally, Susquehanna International Group Ltd. bought a new stake in Camtek in the second quarter worth about $237,000. 41.93% of the stock is owned by institutional investors and hedge funds.

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.