Camtek (NASDAQ:CAMT) Price Target Raised to $120.00 at Northland Securities

Camtek (NASDAQ:CAMT) had its target price upped by equities research analysts at Northland Securities from $102.00 to $120.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the semiconductor company’s stock. Northland Securities’ price target suggests a potential upside of 35.59% from the stock’s current price.

CAMT has been the subject of several other reports. Needham & Company LLC reiterated a “buy” rating and set a $95.00 price objective on shares of Camtek in a research note on Wednesday, November 13th. Stifel Nicolaus reissued a “buy” rating and set a $105.00 target price on shares of Camtek in a report on Thursday, December 12th. Finally, StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Camtek presently has an average rating of “Buy” and an average price target of $112.13.

Camtek Stock Performance

Shares of CAMT stock opened at $88.50 on Tuesday. Camtek has a 52 week low of $67.67 and a 52 week high of $140.50. The firm has a 50 day moving average of $78.09 and a two-hundred day moving average of $89.35. The stock has a market capitalization of $4.01 billion, a PE ratio of 40.78, a P/E/G ratio of 1.36 and a beta of 1.33. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38.

Camtek (NASDAQ:CAMT) last issued its 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. The business had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The business’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 earnings per share. On average, research analysts predict that Camtek will post 2.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Camtek

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. boosted its position in shares of Camtek by 78.8% during 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Camtek by 23,300.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 466 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Camtek during the 3rd quarter valued at about $53,000. Gateway Wealth Partners LLC bought a new position in shares of Camtek during the 2nd quarter valued at about $220,000. Finally, Susquehanna International Group Ltd. bought a new position in shares of Camtek during the 2nd quarter valued at about $237,000. Institutional investors own 41.93% of the company’s stock.

About Camtek

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.