Camtek (NASDAQ:CAMT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Camtek (NASDAQ:CAMT) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Several other analysts have also commented on CAMT. Morgan Stanley set a $151.00 price target on Camtek in a research note on Thursday, February 19th. Bank of America increased their price objective on Camtek from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Stifel Nicolaus lifted their price objective on Camtek from $120.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Needham & Company LLC boosted their target price on shares of Camtek from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, B. Riley Financial upped their target price on shares of Camtek from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $165.92.

Camtek Stock Performance

NASDAQ:CAMT opened at $172.29 on Friday. Camtek has a 12-month low of $47.41 and a 12-month high of $180.83. The company has a quick ratio of 7.31, a current ratio of 8.35 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $7.90 billion, a PE ratio of 183.29, a price-to-earnings-growth ratio of 3.93 and a beta of 1.53. The firm has a 50-day moving average price of $153.77 and a 200 day moving average price of $125.30.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). Camtek had a return on equity of 23.61% and a net margin of 10.23%.The business had revenue of $128.12 million for the quarter, compared to the consensus estimate of $127.10 million. During the same quarter in the prior year, the business earned $0.77 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. Research analysts anticipate that Camtek will post 2.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Jefferies Financial Group Inc. acquired a new position in shares of Camtek during the second quarter valued at $338,000. SG Americas Securities LLC bought a new position in shares of Camtek during the third quarter worth $1,503,000. Brown Capital Management LLC lifted its holdings in Camtek by 1.2% during the third quarter. Brown Capital Management LLC now owns 1,153,943 shares of the semiconductor company’s stock worth $121,222,000 after acquiring an additional 13,806 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Camtek by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,079,022 shares of the semiconductor company’s stock valued at $113,454,000 after purchasing an additional 15,432 shares during the period. Finally, Legal & General Group Plc grew its position in shares of Camtek by 18.9% in the 2nd quarter. Legal & General Group Plc now owns 117,163 shares of the semiconductor company’s stock valued at $10,103,000 after purchasing an additional 18,584 shares during the period. Institutional investors and hedge funds own 41.93% of the company’s stock.

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.