Camtek (NASDAQ:CAMT) Shares Up 3.4% - Time to Buy?

Camtek Ltd. (NASDAQ:CAMT - Get Free Report)'s stock price traded up 3.4% during mid-day trading on Thursday . The company traded as high as $67.03 and last traded at $66.84. 212,934 shares were traded during trading, a decline of 62% from the average session volume of 553,417 shares. The stock had previously closed at $64.67.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Stifel Nicolaus restated a "buy" rating and issued a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. Needham & Company LLC restated a "buy" rating and set a $110.00 target price on shares of Camtek in a report on Thursday, February 13th. Barclays lowered their price target on Camtek from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Cantor Fitzgerald initiated coverage on Camtek in a research note on Monday, January 13th. They set a "neutral" rating and a $100.00 price objective on the stock. Finally, Northland Securities upped their target price on Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Two equities research analysts have 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, the company currently has an average rating of "Moderate Buy" and an average target price of $114.11.

Camtek Stock Performance

The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38. The company's fifty day simple moving average is $82.32 and its two-hundred day simple moving average is $80.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00.

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

Institutional Trading of Camtek

A number of institutional investors and hedge funds have recently modified their holdings of CAMT. Huntington National Bank lifted its holdings in Camtek by 42.4% in the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 123 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Camtek by 78.8% in the 3rd 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. Cetera Investment Advisers boosted its position in Camtek by 3.3% during the 4th quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company's stock valued at $427,000 after purchasing an additional 171 shares during the period. Prentiss Smith & Co. Inc. increased its position in Camtek by 10.8% in the fourth quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock worth $225,000 after buying an additional 272 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in Camtek by 364.0% in the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock valued at $33,000 after buying an additional 324 shares during the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

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.