Camtek (NASDAQ:CAMT) Upgraded by StockNews.com to “Hold” Rating

Camtek (NASDAQ:CAMT) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

CAMT has been the topic of several other research reports. Bank of America lowered their target price on shares of Camtek from $105.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. B. Riley boosted their price target on shares of Camtek from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Evercore ISI cut their price objective on shares of Camtek from $100.00 to $82.00 and set an “outperform” rating for the company in a report on Wednesday, May 14th. Needham & Company LLC lowered their target price on Camtek from $110.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, May 14th. Finally, Barclays cut their price target on Camtek from $120.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.78.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $65.78 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. The firm has a fifty day moving average of $63.11 and a 200 day moving average of $75.18. The firm has a market cap of $3.00 billion, a PE ratio of 27.18, a PEG ratio of 1.89 and a beta of 1.36. Camtek has a one year low of $47.41 and a one year high of $140.50.

Camtek (NASDAQ:CAMT) last released its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $118.64 million during the quarter, compared to analysts’ expectations of $119.00 million. Camtek had a net margin of 27.61% and a return on equity of 24.99%. The company’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 earnings per share. As a group, research analysts predict that Camtek will post 2.93 EPS for the current fiscal year.

Institutional Trading of Camtek

Hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp boosted its stake in Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after buying an additional 324 shares during the period. Huntington National Bank boosted its position in shares of Camtek by 42.4% during the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 123 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Camtek in the 1st quarter valued at approximately $31,000. Advisors Asset Management Inc. raised its position in 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 purchasing an additional 293 shares during the period. Finally, State of Wyoming lifted its stake in Camtek by 146.2% during the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 1,200 shares in the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

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.