Camtek (NASDAQ:CAMT) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Camtek (NASDAQ:CAMT) in a report published on Monday, MarketBeat.com reports. The brokerage issued a neutral rating and a $100.00 price objective on the semiconductor company’s stock.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC reissued a “buy” rating and set a $95.00 price target on shares of Camtek in a research report on Wednesday, November 13th. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Northland Securities raised their target price on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 target price on shares of Camtek in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.78.

Camtek Trading Down 3.0 %

Shares of NASDAQ:CAMT opened at $86.79 on Monday. The company has a market capitalization of $3.94 billion, a P/E ratio of 40.00, a P/E/G ratio of 1.36 and a beta of 1.33. Camtek has a 1 year low of $69.83 and a 1 year high of $140.50. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36. The business’s 50 day simple moving average is $78.95 and its 200 day simple moving average is $88.67.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. On average, research analysts anticipate that Camtek will post 2.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in shares of Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 145 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Camtek during the 3rd quarter worth $53,000. Northwestern Mutual Wealth Management Co. raised its position in Camtek by 23,300.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 466 shares during the last quarter. Gateway Wealth Partners LLC bought a new position in Camtek during the 2nd quarter worth $220,000. Finally, Susquehanna International Group Ltd. bought a new position in Camtek during the 2nd quarter worth $237,000. 41.93% of the stock is currently owned by institutional investors.

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.