Camtek (NASDAQ:CAMT) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Camtek (NASDAQ:CAMT) in a report issued on Wednesday,Benzinga reports. They currently have a $95.00 price objective on the semiconductor company’s stock.

Several other research firms also recently commented on CAMT. StockNews.com downgraded shares of Camtek from a “hold” rating to a “sell” rating in a research report on Tuesday. B. Riley cut 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. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Northland Securities upped their price objective on shares of Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Camtek has a consensus rating of “Moderate Buy” and a consensus price target of $110.57.

Camtek Stock Up 0.1 %

Shares of NASDAQ:CAMT traded up $0.06 during midday trading on Wednesday, hitting $79.97. 87,594 shares of the stock were exchanged, compared to its average volume of 539,467. The company has a market capitalization of $3.63 billion, a PE ratio of 37.06, a P/E/G ratio of 1.70 and a beta of 1.38. Camtek has a 52-week low of $59.33 and a 52-week high of $140.50. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21. The business’s fifty day simple moving average is $79.43 and its two-hundred day simple moving average is $95.64.

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, topping analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. Camtek had a return on equity of 24.84% and a net margin of 26.53%. The business’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. As a group, research analysts predict that Camtek will post 2.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

Several hedge funds and other institutional investors have recently modified their holdings of CAMT. Advisors Asset Management Inc. boosted its holdings in 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 purchasing an additional 145 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Camtek by 23,300.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 466 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Camtek in the 1st quarter worth approximately $50,000. Russell Investments Group Ltd. grew its holdings in shares of Camtek by 524.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 1,238 shares in the last quarter. Finally, Gateway Wealth Partners LLC bought a new stake in shares of Camtek during the second quarter valued at approximately $220,000. 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.