Needham & Company LLC Reiterates “Buy” Rating for Camtek (NASDAQ:CAMT)

Camtek (NASDAQ:CAMT)‘s stock had its “buy” rating restated by Needham & Company LLC in a research note issued on Thursday,Benzinga reports. They currently have a $110.00 target price on the semiconductor company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 26.70% from the company’s previous close.

Other analysts have also issued reports about the company. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Barclays dropped their price target on Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Northland Securities lifted their price objective on shares of Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Cantor Fitzgerald started coverage on shares of Camtek in a report on Monday, January 13th. They set a “neutral” rating and a $100.00 target price on the stock. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.11.

Camtek Price Performance

CAMT stock opened at $86.82 on Thursday. The company has a market capitalization of $3.94 billion, a PE ratio of 40.01, a P/E/G ratio of 1.43 and a beta of 1.34. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average is $87.58 and its two-hundred day moving average is $84.14. Camtek has a 52-week low of $69.83 and a 52-week high of $140.50.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 26.53% and a return on equity of 24.21%. Analysts predict that Camtek will post 2.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

Several large investors have recently made changes to their positions in CAMT. Wasatch Advisors LP grew its holdings in Camtek by 311.8% in the 4th quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company’s stock worth $96,341,000 after buying an additional 903,126 shares in the last quarter. Menora Mivtachim Holdings LTD. boosted its position in Camtek by 81.8% during the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company’s stock worth $126,521,000 after acquiring an additional 705,000 shares during the period. Meitav Investment House Ltd. grew its stake in shares of Camtek by 119.3% in the fourth quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company’s stock worth $66,159,000 after purchasing an additional 445,079 shares in the last quarter. Two Sigma Advisers LP increased its holdings in shares of Camtek by 107.5% during the third quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock valued at $57,548,000 after purchasing an additional 373,400 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Camtek by 3,005.3% during the third quarter. The Manufacturers Life Insurance Company now owns 330,716 shares of the semiconductor company’s stock valued at $26,408,000 after purchasing an additional 320,066 shares during the period. Institutional investors and hedge funds 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.