StockNews.com Upgrades Camtek (NASDAQ:CAMT) to “Hold”

Camtek (NASDAQ:CAMT) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

Other research analysts also recently issued reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $95.00 target price on shares of Camtek in a research report on Wednesday, November 13th. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Northland Securities increased their target price on shares of Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, B. Riley dropped their target price on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $110.57.

Camtek Price Performance

Shares of CAMT opened at $74.84 on Wednesday. Camtek has a twelve month low of $59.33 and a twelve month high of $140.50. The firm’s fifty day simple moving average is $79.21 and its 200-day simple moving average is $95.59. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 1.39 and a beta of 1.38. 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 posted its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The company’s revenue was up 39.5% on a year-over-year basis. During the same period last year, the firm posted $0.46 EPS. Equities analysts forecast that Camtek will post 2.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. grew its position in Camtek by 78.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 145 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Camtek by 23,300.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 466 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Camtek by 524.6% in the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 1,238 shares during the period. Gateway Wealth Partners LLC acquired a new stake in shares of Camtek in the 2nd quarter worth $220,000. Finally, Susquehanna International Group Ltd. acquired a new stake in shares of Camtek in the 2nd quarter worth $237,000. 41.93% of the stock is 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.