Camtek (NASDAQ:CAMT) Lifted to Hold at StockNews.com

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

Other equities analysts have also recently issued reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 price target on shares of Camtek in a research note on Friday, August 2nd. 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 research report on Friday, August 2nd. Northland Securities upgraded Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price target for the company in a report on Monday, August 5th. Finally, Northland Capmk raised Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Camtek has an average rating of “Buy” and an average target price of $116.57.

Camtek Stock Performance

NASDAQ CAMT opened at $77.66 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 4.29. Camtek has a 1-year low of $49.64 and a 1-year high of $140.50. The business has a 50 day simple moving average of $82.95 and a two-hundred day simple moving average of $95.49. The stock has a market capitalization of $3.49 billion, a PE ratio of 43.88, a P/E/G ratio of 1.55 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The company had revenue of $102.60 million for the quarter, compared to analysts’ expectations of $101.26 million. During the same quarter in the previous year, the business posted $0.38 earnings per share. Camtek’s quarterly revenue was up 39.4% on a year-over-year basis. On average, research analysts predict that Camtek will post 2.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Camtek

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new position in shares of Camtek during the 1st quarter worth about $50,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Camtek by 23,300.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 466 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Camtek by 524.6% during the first quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 1,238 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Camtek by 17.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock valued at $158,000 after purchasing an additional 340 shares during the last quarter. Finally, Gateway Wealth Partners LLC purchased a new position in Camtek in the 2nd quarter valued at $220,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

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.