Camtek’s (CAMT) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Camtek (NASDAQ:CAMT) in a research report report published on Wednesday,Benzinga reports. The firm currently has a $95.00 price target on the semiconductor company’s stock.

Other equities research analysts have also issued research reports about the stock. Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. StockNews.com downgraded Camtek from a “hold” rating to a “sell” rating in a research report on Tuesday. B. Riley dropped their price target on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Northland Securities lifted their price objective on Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Camtek has an average rating of “Moderate Buy” and an average target price of $110.57.

Camtek Stock Down 5.9 %

CAMT stock opened at $74.07 on Wednesday. Camtek has a 1-year low of $59.33 and a 1-year high of $140.50. The stock has a market cap of $3.36 billion, a P/E ratio of 34.13, a P/E/G ratio of 1.50 and a beta of 1.38. The stock’s fifty day simple moving average is $79.27 and its two-hundred day simple moving average is $95.46. The company has a current ratio of 5.28, a quick ratio of 4.29 and a debt-to-equity ratio of 0.38.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results 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 net margin of 26.53% and a return on equity of 24.21%. The company had revenue of $112.30 million during the quarter, compared to analyst estimates of $108.51 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. Analysts expect that Camtek will post 2.45 EPS for the current year.

Institutional Trading of Camtek

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Swiss National Bank boosted its position in shares of Camtek by 1.3% in the first quarter. Swiss National Bank now owns 58,287 shares of the semiconductor company’s stock valued at $4,850,000 after acquiring an additional 750 shares during the period. Sei Investments Co. increased its stake in Camtek by 41.5% in the 1st quarter. Sei Investments Co. now owns 94,473 shares of the semiconductor company’s stock worth $7,914,000 after acquiring an additional 27,707 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Camtek in the 1st quarter valued at about $50,000. Russell Investments Group Ltd. raised its holdings 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 valued at $123,000 after acquiring an additional 1,238 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in shares of Camtek during the 1st quarter valued at about $55,026,000. 41.93% of the stock is currently owned by institutional investors.

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.