Camtek (NASDAQ:CAMT) Price Target Raised to $102.00 at Northland Securities

Camtek (NASDAQ:CAMT) had its price objective boosted by Northland Securities from $99.00 to $102.00 in a research note published on Wednesday,Benzinga reports. They currently have an outperform rating on the semiconductor company’s stock.

A number of other research firms also recently weighed in on CAMT. StockNews.com downgraded shares of Camtek from a “hold” rating to a “sell” rating in a research report on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $140.00 price objective on shares of Camtek in a report on Friday, August 2nd. B. Riley lowered their target price on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. 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 sell rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Camtek currently has an average rating of “Moderate Buy” and an average price target of $110.57.

Camtek Stock Performance

CAMT opened at $74.07 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.29. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 1.50 and a beta of 1.38. The business’s 50-day moving average price is $79.27 and its two-hundred day moving average price is $95.46. Camtek has a 1 year low of $59.33 and a 1 year high of $140.50.

Camtek (NASDAQ:CAMT) last released its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The firm had revenue of $112.30 million for the quarter, compared to analysts’ expectations of $108.51 million. During the same quarter in the previous year, the business posted $0.46 EPS. The business’s quarterly revenue was up 39.5% compared to the same quarter last year. Equities analysts expect 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 bought and sold shares of the business. Swiss National Bank increased its holdings in shares of Camtek by 1.3% during the 1st quarter. Swiss National Bank now owns 58,287 shares of the semiconductor company’s stock worth $4,850,000 after acquiring an additional 750 shares during the last quarter. Sei Investments Co. raised its position in shares of Camtek by 41.5% in the first quarter. Sei Investments Co. now owns 94,473 shares of the semiconductor company’s stock valued at $7,914,000 after purchasing an additional 27,707 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Camtek during the 1st quarter worth about $50,000. Russell Investments Group Ltd. boosted its holdings in shares of Camtek by 524.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after buying an additional 1,238 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new position in Camtek in the 1st quarter valued at about $55,026,000. 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.