Camtek (NASDAQ:CAMT) Earns “Buy” Rating from Needham & Company LLC

Camtek (NASDAQ:CAMT)‘s stock had its “buy” rating reiterated by research analysts at Needham & Company LLC in a note issued to investors on Wednesday,Benzinga reports. They presently have a $95.00 price target on the semiconductor company’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 12.08% from the stock’s current price.

A number of other research analysts have also recently issued reports on the stock. Northland Securities boosted their price objective on shares of Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday. StockNews.com cut shares of Camtek from a “hold” rating to a “sell” rating in a report on Tuesday. Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Finally, B. Riley reduced their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Camtek has a consensus rating of “Moderate Buy” and an average target price of $110.57.

Camtek Trading Up 7.7 %

CAMT opened at $84.76 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 4.29. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 43.24, a price-to-earnings-growth ratio of 1.58 and a beta of 1.38. The firm has a 50 day simple moving average of $79.51 and a 200 day simple moving average of $95.75. Camtek has a fifty-two week low of $59.33 and a fifty-two week high of $140.50.

Hedge Funds Weigh In On Camtek

Large investors have recently modified their holdings of the stock. Fred Alger Management LLC acquired a new stake in shares of Camtek in the 2nd quarter valued at approximately $8,386,000. Meitav Investment House Ltd. raised its holdings in Camtek by 14.1% in the 3rd quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company’s stock valued at $29,887,000 after buying an additional 46,016 shares during the last quarter. Sei Investments Co. raised its holdings in Camtek by 41.5% in the 1st quarter. Sei Investments Co. now owns 94,473 shares of the semiconductor company’s stock valued at $7,914,000 after buying an additional 27,707 shares during the last quarter. Squarepoint Ops LLC bought a new position in Camtek in the 2nd quarter valued at approximately $1,423,000. Finally, Tidal Investments LLC bought a new position in Camtek in the 1st quarter valued at approximately $1,716,000. 41.93% of the stock is owned by institutional investors.

About Camtek

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.