Camtek (NASDAQ:CAMT) Upgraded to “Outperform” by Northland Securities

Northland Securities upgraded shares of Camtek (NASDAQ:CAMT) from a market perform rating to an outperform rating in a report published on Monday, Marketbeat.com reports. They currently have $99.00 price target on the semiconductor company’s stock.

Several other analysts also recently weighed in on the stock. B. Riley reduced their price objective on shares of Camtek from $150.00 to $140.00 and set a buy rating for the company in a research report on Friday. Bank of America upped their price target on shares of Camtek from $98.00 to $112.00 and gave the company a buy rating in a research report on Wednesday, May 22nd. Evercore ISI initiated coverage on shares of Camtek in a research report on Tuesday, April 16th. They issued an outperform rating and a $100.00 price target for the company. Barclays upped their price target on shares of Camtek from $90.00 to $105.00 and gave the company an overweight rating in a research report on Friday, May 10th. Finally, Northland Capmk downgraded shares of Camtek from a strong-buy rating to a hold rating in a research report on Thursday, May 16th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Camtek has an average rating of Buy and an average target price of $109.75.

Camtek Stock Down 0.6 %

NASDAQ CAMT traded down $0.54 on Monday, hitting $85.98. 664,044 shares of the stock were exchanged, compared to its average volume of 523,387. The company has a quick ratio of 3.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.44. Camtek has a fifty-two week low of $44.08 and a fifty-two week high of $140.50. The company has a market cap of $3.86 billion, a PE ratio of 48.58, a PEG ratio of 1.98 and a beta of 1.41. The company has a 50-day moving average price of $113.96 and a 200-day moving average price of $94.22.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $102.60 million during the quarter, compared to the consensus estimate of $101.26 million. Camtek had a net margin of 25.93% and a return on equity of 22.79%. The company’s revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. Sell-side analysts anticipate that Camtek will post 2.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Camtek

A number of large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in shares of Camtek by 574.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 379 shares during the period. USA Financial Formulas grew its stake in shares of Camtek by 1,436.2% during the 4th quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 675 shares during the period. Headlands Technologies LLC acquired a new position in shares of Camtek during the 1st quarter worth $50,000. Russell Investments Group Ltd. grew its stake in shares of Camtek by 524.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 1,238 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Camtek by 17.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock worth $158,000 after purchasing an additional 340 shares during the period. Hedge funds and other institutional investors own 41.93% of the company’s stock.

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.