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

StockNews.com upgraded shares of Camtek (NASDAQ:CAMT) from a sell rating to a hold rating in a research report report published on Wednesday.

CAMT has been the topic of several other research reports. B. Riley reduced their target price on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Needham & Company LLC restated a “buy” rating and set a $95.00 price objective on shares of Camtek in a research report on Wednesday, November 13th. Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Northland Securities boosted their price objective on shares of Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $110.57.

Camtek Stock Down 0.8 %

Shares of NASDAQ:CAMT opened at $74.94 on Wednesday. The firm’s 50 day moving average price is $78.92 and its 200 day moving average price is $95.24. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 1.37 and a beta of 1.38. Camtek has a fifty-two week low of $59.33 and a fifty-two week high of $140.50. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38.

Camtek (NASDAQ:CAMT) last issued its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. The firm had revenue of $112.30 million for the quarter, compared to analysts’ expectations of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The firm’s revenue was up 39.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share. As a group, equities research analysts predict that Camtek will post 2.53 earnings per share for the current fiscal year.

Institutional Trading of Camtek

Several institutional investors and hedge funds have recently bought and sold shares of CAMT. Russell Investments Group Ltd. raised its position in Camtek by 524.6% in the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 1,238 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in Camtek by 7.6% in the 1st quarter. Axxcess Wealth Management LLC now owns 11,743 shares of the semiconductor company’s stock valued at $984,000 after buying an additional 833 shares during the period. Truvestments Capital LLC increased its stake in Camtek by 5.2% in the 1st quarter. Truvestments Capital LLC now owns 10,191 shares of the semiconductor company’s stock valued at $854,000 after buying an additional 507 shares during the period. Hood River Capital Management LLC increased its stake in Camtek by 1.9% in the 1st quarter. Hood River Capital Management LLC now owns 691,780 shares of the semiconductor company’s stock valued at $57,950,000 after buying an additional 13,094 shares during the period. Finally, Tidal Investments LLC acquired a new position in Camtek in the 1st quarter valued at $1,716,000. Hedge funds and other 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.