Camtek (NASDAQ:CAMT) Price Target Raised to $120.00

Camtek (NASDAQ:CAMT) had its price objective raised by Northland Securities from $102.00 to $120.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the semiconductor company’s stock.

CAMT has been the subject of a number of other reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $95.00 price target on shares of Camtek in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $112.13.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $90.86 on Tuesday. The stock has a fifty day simple moving average of $78.42 and a two-hundred day simple moving average of $89.19. Camtek has a 1-year low of $67.67 and a 1-year high of $140.50. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 41.87, a price-to-earnings-growth ratio of 1.36 and a beta of 1.33. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data 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. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The business had revenue of $112.30 million during the quarter, compared to analyst estimates of $108.51 million. During the same period in the prior year, the company earned $0.46 earnings per share. Camtek’s revenue was up 39.5% compared to the same quarter last year. Analysts anticipate that Camtek will post 2.53 earnings per share for the current year.

Institutional Investors Weigh In On Camtek

Institutional investors and hedge funds have recently made changes to their positions in the business. Y.D. More Investments Ltd raised its position in Camtek by 723.7% during the second quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock valued at $78,709,000 after purchasing an additional 550,854 shares in the last quarter. Two Sigma Advisers LP raised its position in 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 in the last quarter. The Manufacturers Life Insurance Company raised its position in 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 in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position in Camtek by 21.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock valued at $121,734,000 after purchasing an additional 268,258 shares in the last quarter. Finally, Fred Alger Management LLC raised its position in Camtek by 224.8% during the third quarter. Fred Alger Management LLC now owns 217,474 shares of the semiconductor company’s stock valued at $17,365,000 after purchasing an additional 150,513 shares in the last quarter. Hedge funds and other institutional investors own 41.93% of the company’s stock.

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.