Camtek (NASDAQ:CAMT – Get Free Report)‘s stock had its “hold” rating reissued by stock analysts at Stifel Nicolaus in a note issued to investors on Friday, MarketBeat reports. They presently have a $185.00 price target on the semiconductor company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 2.90% from the stock’s previous close.
Several other equities analysts also recently issued reports on CAMT. Zacks Research upgraded shares of Camtek from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Wall Street Zen upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Bank of America upped their target price on shares of Camtek from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Morgan Stanley upped their target price on shares of Camtek from $151.00 to $161.00 and gave the company an “equal weight” rating in a report on Tuesday, March 24th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Camtek in a report on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Camtek presently has an average rating of “Moderate Buy” and a consensus target price of $166.75.
View Our Latest Report on CAMT
Camtek Stock Performance
NASDAQ CAMT opened at $179.78 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 8.35 and a quick ratio of 7.31. Camtek has a 1 year low of $57.50 and a 1 year high of $185.41. The company has a market capitalization of $8.24 billion, a PE ratio of 191.26, a P/E/G ratio of 4.25 and a beta of 1.56. The company has a fifty day moving average of $162.59 and a two-hundred day moving average of $134.84.
Camtek (NASDAQ:CAMT – Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.02). Camtek had a net margin of 10.23% and a return on equity of 23.61%. The company had revenue of $128.12 million during the quarter, compared to analyst estimates of $127.10 million. During the same quarter in the prior year, the company earned $0.77 EPS. The business’s revenue was up 9.2% on a year-over-year basis. As a group, analysts expect that Camtek will post 2.93 earnings per share for the current year.
Institutional Investors Weigh In On Camtek
A number of institutional investors and hedge funds have recently made changes to their positions in CAMT. Advisors Asset Management Inc. raised its holdings in shares of Camtek by 61.6% in the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 293 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Camtek by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company’s stock valued at $8,749,000 after buying an additional 16,117 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Camtek by 0.7% in the second quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company’s stock valued at $3,333,000 after buying an additional 279 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Camtek by 4.7% in the second quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock valued at $409,000 after buying an additional 217 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Camtek by 8.3% in the second quarter. Invesco Ltd. now owns 263,836 shares of the semiconductor company’s stock valued at $22,310,000 after buying an additional 20,237 shares during the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.
Camtek Company Profile
Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.
Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.
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