Camtek (NASDAQ:CAMT) Stock Price Expected to Rise, Northland Securities Analyst Says

Camtek (NASDAQ:CAMT) had its price target raised by analysts at Northland Securities from $99.00 to $102.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor company’s stock. Northland Securities’ price objective suggests a potential upside of 29.57% from the company’s previous close.

A number of other analysts have also issued reports on CAMT. Northland Capmk raised Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Needham & Company LLC reissued a “buy” rating and issued a $140.00 price target on shares of Camtek in a research note on Friday, August 2nd. StockNews.com lowered Camtek from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, B. Riley reduced their price objective on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. One equities 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 stock. According to data from MarketBeat.com, Camtek has an average rating of “Moderate Buy” and an average price target of $110.57.

Camtek Stock Down 1.5 %

Shares of NASDAQ:CAMT opened at $78.72 on Wednesday. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. Camtek has a 52-week low of $59.33 and a 52-week high of $140.50. The stock’s fifty day simple moving average is $79.43 and its 200-day simple moving average is $95.64. The company has a market capitalization of $3.57 billion, a P/E ratio of 36.28, a P/E/G ratio of 1.70 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. Camtek had a return on equity of 24.84% and a net margin of 26.53%. The business had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. During the same period in the prior year, the business earned $0.46 earnings per share. The business’s revenue was up 39.5% on a year-over-year basis. As a group, equities research analysts forecast that Camtek will post 2.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

Hedge funds and other institutional investors have recently bought and sold shares of the business. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Camtek by 21.5% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock valued at $121,734,000 after acquiring an additional 268,258 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Camtek by 7.5% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock valued at $68,388,000 after acquiring an additional 60,088 shares during the last quarter. Hood River Capital Management LLC increased its holdings in shares of Camtek by 1.9% in the 1st quarter. Hood River Capital Management LLC now owns 691,780 shares of the semiconductor company’s stock valued at $57,950,000 after acquiring an additional 13,094 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Camtek in the 1st quarter valued at approximately $55,026,000. Finally, Y.D. More Investments Ltd boosted its position in Camtek by 723.7% during the 2nd 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 during the period. 41.93% of the stock is currently owned by hedge funds and other 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.