Camtek (NASDAQ:CAMT) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Camtek (NASDAQ:CAMT) had its price objective lifted by research analysts at Needham & Company LLC from $80.00 to $98.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price indicates a potential upside of 20.41% from the company’s previous close.

Several other analysts also recently commented on CAMT. Barclays reduced their price objective on shares of Camtek from $120.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group raised their price objective on shares of Camtek from $85.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday. Bank of America reduced their price objective on shares of Camtek from $105.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. B. Riley raised their price objective 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. Finally, Northland Securities set a $105.00 price objective on shares of Camtek in a research report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Camtek currently has a consensus rating of “Moderate Buy” and an average target price of $96.10.

Camtek Stock Down 7.9%

Shares of NASDAQ CAMT opened at $81.39 on Tuesday. The company has a current ratio of 5.28, a quick ratio of 4.27 and a debt-to-equity ratio of 0.34. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 2.41 and a beta of 1.31. Camtek has a 12 month low of $47.41 and a 12 month high of $110.73. The stock has a 50-day moving average price of $83.99 and a two-hundred day moving average price of $75.84.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. Camtek had a return on equity of 24.78% and a net margin of 28.36%. The company had revenue of $123.32 million during the quarter, compared to the consensus estimate of $121.57 million. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The firm’s revenue was up 20.2% compared to the same quarter last year. As a group, analysts forecast that Camtek will post 2.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. HBK Sorce Advisory LLC lifted its position in Camtek by 1.4% in the 2nd quarter. HBK Sorce Advisory LLC now owns 8,645 shares of the semiconductor company’s stock worth $731,000 after buying an additional 121 shares during the last quarter. Cetera Investment Advisers lifted its position in Camtek by 3.3% in the 4th quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company’s stock worth $427,000 after buying an additional 171 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after buying an additional 293 shares during the last quarter. Blue Trust Inc. lifted its position in Camtek by 9.0% in the 1st quarter. Blue Trust Inc. now owns 4,237 shares of the semiconductor company’s stock worth $248,000 after buying an additional 351 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Camtek by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 39,117 shares of the semiconductor company’s stock worth $3,159,000 after buying an additional 360 shares during the last quarter. 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.