Camtek (NASDAQ:CAMT) Receives “Buy” Rating from B. Riley

Camtek (NASDAQ:CAMT)‘s stock had its “buy” rating reissued by equities researchers at B. Riley in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $110.00 price objective on the semiconductor company’s stock, up from their previous price objective of $102.00. B. Riley’s target price would indicate a potential upside of 21.95% from the company’s current price.

A number of other research analysts have also recently weighed in on CAMT. Barclays lifted their target price on Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Needham & Company LLC increased their target price on shares of Camtek from $92.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Evercore ISI started coverage on shares of Camtek in a research report on Tuesday, April 16th. They set an “outperform” rating and a $100.00 price target on the stock. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.88.

Camtek Trading Down 1.5 %

Shares of Camtek stock traded down $1.42 during trading hours on Friday, reaching $90.20. 207,316 shares of the company’s stock were exchanged, compared to its average volume of 421,763. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 55.68, a price-to-earnings-growth ratio of 2.86 and a beta of 1.39. The company has a current ratio of 5.66, a quick ratio of 4.77 and a debt-to-equity ratio of 0.41. Camtek has a 52-week low of $26.36 and a 52-week high of $95.13. The company has a fifty day moving average of $80.93 and a 200-day moving average of $73.09.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.53 by $0.04. Camtek had a return on equity of 18.92% and a net margin of 24.93%. The company had revenue of $88.70 million during the quarter, compared to analysts’ expectations of $88.02 million. During the same quarter in the previous year, the business earned $0.45 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. Sell-side analysts forecast that Camtek will post 2.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Camtek

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its position in shares of Camtek by 574.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock worth $31,000 after buying an additional 379 shares during the last quarter. Headlands Technologies LLC acquired a new position in Camtek in the first quarter valued at approximately $50,000. USA Financial Formulas raised its position in shares of Camtek by 1,436.2% during the 4th quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 675 shares during the period. Russell Investments Group Ltd. boosted its position in Camtek by 524.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 1,238 shares during the period. Finally, Optimum Investment Advisors grew its stake in Camtek by 15.0% during the 4th quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock worth $120,000 after buying an additional 225 shares during 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.