Camtek (NASDAQ:CAMT) Trading 5.1% Higher

Camtek Ltd. (NASDAQ:CAMT) shares shot up 5.1% during mid-day trading on Monday . The stock traded as high as $114.02 and last traded at $113.99. 59,316 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 469,582 shares. The stock had previously closed at $108.48.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CAMT. Northland Capmk cut shares of Camtek from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 16th. B. Riley boosted their target price on shares of Camtek from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Needham & Company LLC boosted their target price on shares of Camtek from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Evercore ISI assumed coverage on shares of Camtek in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 target price for the company. Finally, Barclays boosted their price target on shares of Camtek from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Camtek currently has an average rating of “Moderate Buy” and a consensus price target of $103.63.

Camtek Price Performance

The firm has a market cap of $5.06 billion, a PE ratio of 64.42, a price-to-earnings-growth ratio of 2.33 and a beta of 1.41. The stock’s fifty day moving average price is $114.35 and its 200-day moving average price is $91.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.66 and a quick ratio of 3.08.

Camtek (NASDAQ:CAMT) last released its earnings results on Thursday, May 9th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. Camtek had a net margin of 25.35% and a return on equity of 20.94%. The business had revenue of $97.01 million during the quarter, compared to analyst estimates of $93.75 million. As a group, equities analysts expect that Camtek Ltd. will post 2.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Camtek

A number of large investors have recently modified their holdings of the business. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Camtek by 6.0% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,131,671 shares of the semiconductor company’s stock valued at $78,523,000 after purchasing an additional 64,484 shares during the period. Vanguard Group Inc. grew its holdings in shares of Camtek by 3.7% in the third quarter. Vanguard Group Inc. now owns 937,408 shares of the semiconductor company’s stock valued at $58,363,000 after purchasing an additional 33,820 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Camtek by 5.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 882,165 shares of the semiconductor company’s stock valued at $73,899,000 after purchasing an additional 47,900 shares during the period. Federated Hermes Inc. grew its holdings in shares of Camtek by 9.7% in the fourth quarter. Federated Hermes Inc. now owns 762,649 shares of the semiconductor company’s stock valued at $52,913,000 after purchasing an additional 67,649 shares during the period. Finally, Hood River Capital Management LLC lifted its position in Camtek by 1.9% in the first quarter. Hood River Capital Management LLC now owns 691,780 shares of the semiconductor company’s stock valued at $57,950,000 after buying an additional 13,094 shares during the last quarter. Hedge funds and other institutional investors 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.