Camtek (NASDAQ:CAMT) Shares Up 1.4%

Camtek Ltd. (NASDAQ:CAMT) shares were up 1.4% on Monday . The company traded as high as $85.39 and last traded at $85.29. Approximately 312,343 shares traded hands during trading, a decline of 39% from the average daily volume of 513,576 shares. The stock had previously closed at $84.09.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CAMT shares. Jefferies Financial Group began coverage on Camtek in a research report on Monday, May 13th. They issued a “buy” rating and a $120.00 price target on the stock. B. Riley reduced their price target on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Evercore ISI assumed coverage on Camtek in a research note on Tuesday, April 16th. They set an “outperform” rating and a $100.00 target price for the company. Barclays upped their price objective on shares of Camtek from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $140.00 target price on shares of Camtek in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Camtek has a consensus rating of “Buy” and an average target price of $109.75.

Camtek Price Performance

The company has a current ratio of 3.66, a quick ratio of 3.08 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $113.96 and a two-hundred day moving average of $94.22. The company has a market cap of $3.84 billion, a PE ratio of 48.29, a P/E/G ratio of 1.98 and a beta of 1.41.

Camtek (NASDAQ:CAMT) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Camtek had a net margin of 25.93% and a return on equity of 22.79%. The business had revenue of $102.60 million during the quarter, compared to analysts’ expectations of $101.26 million. During the same period in the prior year, the company earned $0.38 earnings per share. The firm’s revenue was up 39.4% on a year-over-year basis. Research analysts predict that Camtek Ltd. will post 2.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

Several institutional investors have recently added to or reduced their stakes in CAMT. Tower Research Capital LLC TRC increased its holdings in shares of Camtek by 574.2% during 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. USA Financial Formulas lifted its position in 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 acquiring an additional 675 shares during the period. Headlands Technologies LLC acquired a new position in shares of Camtek during the first quarter worth about $50,000. Russell Investments Group Ltd. boosted its position 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, PNC Financial Services Group Inc. increased its position in shares of Camtek by 17.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock valued at $158,000 after buying an additional 340 shares in the last quarter. Institutional investors and hedge funds 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.