Camtek (NASDAQ:CAMT - Get Free Report)'s stock had its "buy" rating reaffirmed by Needham & Company LLC in a note issued to investors on Thursday,Benzinga reports. They presently have a $110.00 target price on the semiconductor company's stock. Needham & Company LLC's price target points to a potential upside of 26.70% from the stock's previous close.
Other analysts also recently issued reports about the company. Stifel Nicolaus reiterated a "buy" rating and set a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. Barclays lowered their target price 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 assumed coverage on shares of Camtek in a research report on Monday, January 13th. They set a "neutral" rating and a $100.00 price objective for the company. Northland Securities boosted their target price on shares of Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Finally, StockNews.com upgraded shares of Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.11.
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Camtek Price Performance
Shares of NASDAQ CAMT traded down $1.67 during mid-day trading on Thursday, hitting $86.82. 370,903 shares of the stock traded hands, compared to its average volume of 620,340. The company has a market cap of $3.94 billion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 1.43 and a beta of 1.34. Camtek has a twelve month low of $69.83 and a twelve month high of $140.50. 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 firm has a 50 day simple moving average of $87.58 and a two-hundred day simple moving average of $83.92.
Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Camtek had a net margin of 26.53% and a return on equity of 24.21%. As a group, equities research analysts forecast that Camtek will post 2.53 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Man Group plc bought a new stake in shares of Camtek during the fourth quarter worth about $601,000. Nuveen Asset Management LLC increased its holdings in Camtek by 2.9% during the 4th quarter. Nuveen Asset Management LLC now owns 152,485 shares of the semiconductor company's stock worth $12,471,000 after purchasing an additional 4,362 shares in the last quarter. Noked Israel Ltd increased its holdings in Camtek by 132.8% during the 4th quarter. Noked Israel Ltd now owns 348,054 shares of the semiconductor company's stock worth $28,112,000 after purchasing an additional 198,554 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Camtek by 12.2% in the fourth quarter. Focus Partners Wealth now owns 11,237 shares of the semiconductor company's stock worth $908,000 after purchasing an additional 1,218 shares during the last quarter. Finally, G2 Investment Partners Management LLC lifted its holdings in shares of Camtek by 6.0% in the fourth quarter. G2 Investment Partners Management LLC now owns 113,257 shares of the semiconductor company's stock valued at $9,148,000 after purchasing an additional 6,444 shares in the last quarter. 41.93% of the stock is owned by institutional investors.
About Camtek
(
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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.
Further Reading
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