Camtek (NASDAQ:CAMT) Upgraded at StockNews.com

Camtek (NASDAQ:CAMT - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Wednesday.

Several other equities research analysts have also issued reports on the stock. Northland Capmk raised shares of Camtek from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 5th. Northland Securities increased their price objective on Camtek from $99.00 to $102.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Needham & Company LLC reissued a "buy" rating and set a $95.00 price objective on shares of Camtek in a research report on Wednesday, November 13th. Finally, B. Riley decreased their target price on Camtek from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $110.57.

Camtek Price Performance

NASDAQ CAMT traded up $0.33 on Wednesday, reaching $75.17. The company had a trading volume of 283,468 shares, compared to its average volume of 541,040. Camtek has a 12 month low of $59.33 and a 12 month high of $140.50. 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 stock has a market capitalization of $3.41 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 1.39 and a beta of 1.38. The firm's 50 day moving average price is $79.21 and its 200 day moving average price is $95.59.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (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 firm had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. During the same period in the prior year, the firm posted $0.46 earnings per share. The firm's quarterly revenue was up 39.5% compared to the same quarter last year. As a group, equities analysts predict that Camtek will post 2.45 earnings per share for the current year.

Hedge Funds Weigh In On Camtek

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC boosted its holdings in shares of Camtek by 104.7% in the third quarter. Virtu Financial LLC now owns 8,302 shares of the semiconductor company's stock valued at $663,000 after purchasing an additional 4,247 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Camtek in the third quarter valued at approximately $6,481,000. Y Intercept Hong Kong Ltd raised its holdings in Camtek by 407.4% during the third quarter. Y Intercept Hong Kong Ltd now owns 9,234 shares of the semiconductor company's stock worth $737,000 after purchasing an additional 7,414 shares in the last quarter. Pier Capital LLC grew its position in Camtek by 44.1% in the 3rd quarter. Pier Capital LLC now owns 92,920 shares of the semiconductor company's stock valued at $7,420,000 after buying an additional 28,434 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Camtek during the 3rd quarter worth $671,000. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

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.