Camtek (NASDAQ:CAMT) Raised to Outperform at Northland Securities

Northland Securities upgraded shares of Camtek (NASDAQ:CAMT) from a market perform rating to an outperform rating in a research note published on Monday, MarketBeat reports. Northland Securities currently has $99.00 price target on the semiconductor company’s stock.

A number of other analysts also recently issued reports on CAMT. Bank of America raised their price objective on Camtek from $98.00 to $112.00 and gave the stock a buy rating in a research report on Wednesday, May 22nd. Northland Capmk downgraded Camtek from a strong-buy rating to a hold rating in a research report on Thursday, May 16th. Needham & Company LLC reaffirmed a buy rating and issued a $140.00 target price on shares of Camtek in a research report on Friday, August 2nd. Evercore ISI started coverage on Camtek in a research report on Tuesday, April 16th. They issued an outperform rating and a $100.00 target price for the company. Finally, Jefferies Financial Group started coverage on Camtek in a research report on Monday, May 13th. They issued a buy rating and a $120.00 target price for the company. One investment 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. Based on data from MarketBeat.com, Camtek currently has a consensus rating of Buy and a consensus price target of $109.75.

Camtek Stock Up 5.4 %

NASDAQ CAMT opened at $90.11 on Monday. Camtek has a 52 week low of $44.08 and a 52 week high of $140.50. The company has a quick ratio of 3.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $113.19 and its 200-day simple moving average is $94.13. The firm has a market cap of $4.05 billion, a PE ratio of 50.91, a P/E/G ratio of 1.98 and a beta of 1.41.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $102.60 million for the quarter, compared to analyst estimates of $101.26 million. Camtek had a return on equity of 22.79% and a net margin of 25.93%. The company’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. As a group, equities analysts anticipate that Camtek will post 2.35 earnings per share for the current year.

Institutional Investors Weigh In On Camtek

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Camtek by 3.7% during the third quarter. Vanguard Group Inc. now owns 937,408 shares of the semiconductor company’s stock worth $58,363,000 after purchasing an additional 33,820 shares during the last quarter. Natixis Advisors L.P. purchased a new stake in shares of Camtek during the fourth quarter worth approximately $1,099,000. Axiom Investors LLC DE raised its stake in shares of Camtek by 288.5% during the fourth quarter. Axiom Investors LLC DE now owns 90,310 shares of the semiconductor company’s stock worth $6,266,000 after purchasing an additional 67,067 shares during the last quarter. Sei Investments Co. raised its stake in shares of Camtek by 41.5% during the first quarter. Sei Investments Co. now owns 94,473 shares of the semiconductor company’s stock worth $7,914,000 after purchasing an additional 27,707 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Camtek by 5.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 171,810 shares of the semiconductor company’s stock worth $11,920,000 after purchasing an additional 8,368 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.