Camtek (NASDAQ:CAMT) Trading Up 6% - Still a Buy?

Camtek Ltd. (NASDAQ:CAMT - Get Free Report) traded up 6% on Wednesday . The stock traded as high as $81.68 and last traded at $81.26. 128,304 shares were traded during mid-day trading, a decline of 76% from the average session volume of 531,582 shares. The stock had previously closed at $76.68.

Wall Street Analysts Forecast Growth

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

Camtek Trading Up 6.3 %

The business has a fifty day moving average price of $77.61 and a 200-day moving average price of $92.25. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38. The company has a market cap of $3.70 billion, a P/E ratio of 37.56, a PEG ratio of 1.36 and a beta of 1.34.

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

Institutional Trading of Camtek

Several large investors have recently modified their holdings of the stock. Advisors Asset Management Inc. raised its position in Camtek by 78.8% during the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Camtek in the 3rd quarter valued at $53,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 buying an additional 466 shares in the last quarter. Gateway Wealth Partners LLC bought a new stake in shares of Camtek during the 2nd quarter worth $220,000. Finally, Susquehanna International Group Ltd. acquired a new stake in Camtek in the second quarter valued at about $237,000. 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.