Camtek’s (CAMT) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Camtek (NASDAQ:CAMT) in a report published on Thursday morning,Benzinga reports. They currently have a $110.00 price objective on the semiconductor company’s stock.

CAMT has been the topic of several other research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $105.00 price target on shares of Camtek in a research report on Thursday, December 12th. Northland Securities increased their target price on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Barclays reduced their price objective on Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Cantor Fitzgerald started coverage on shares of Camtek in a research note on Monday, January 13th. They set a “neutral” rating and a $100.00 target price for the company. Two analysts have 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.com, Camtek has a consensus rating of “Moderate Buy” and an average price target of $114.11.

Camtek Price Performance

CAMT stock opened at $86.82 on Thursday. The stock’s 50 day moving average is $87.58 and its two-hundred day moving average is $84.07. Camtek has a 52-week low of $69.83 and a 52-week high of $140.50. 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.

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

Institutional Trading of Camtek

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