Camtek (NASDAQ:CAMT) Upgraded at Northland Capmk

Northland Capmk upgraded shares of Camtek (NASDAQ:CAMT) from a hold rating to a strong-buy rating in a research note issued to investors on Monday, Zacks.com reports.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group started coverage on shares of Camtek in a research note on Monday, May 13th. They set a buy rating and a $120.00 price target on the stock. Barclays lifted their target price on shares of Camtek from $90.00 to $105.00 and gave the stock an overweight rating in a research note on Friday, May 10th. B. Riley decreased their target price on shares of Camtek from $150.00 to $140.00 and set a buy rating on the stock in a research note on Friday, August 2nd. Evercore ISI initiated coverage on shares of Camtek in a research note on Tuesday, April 16th. They issued an outperform rating and a $100.00 target price on the stock. Finally, Bank of America lifted their target price on shares of Camtek from $98.00 to $112.00 and gave the stock a buy rating in a research note on Wednesday, May 22nd. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Camtek has an average rating of Buy and a consensus target price of $109.75.

Camtek Trading Up 5.4 %

CAMT stock opened at $90.11 on Monday. The company has a market capitalization of $4.05 billion, a PE ratio of 50.91, a price-to-earnings-growth ratio of 1.98 and a beta of 1.41. Camtek has a one year low of $44.08 and a one year high of $140.50. The company’s 50 day moving average price is $113.19 and its two-hundred day moving average price is $94.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.08 and a current ratio of 3.66.

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 firm had revenue of $102.60 million for the quarter, compared to the consensus estimate of $101.26 million. Camtek had a net margin of 25.93% and a return on equity of 22.79%. The business’s revenue was up 39.4% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. As a group, analysts predict that Camtek will post 2.35 earnings per share for the current fiscal year.

Institutional Trading of Camtek

A number of hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in shares of Camtek by 4.1% during the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock valued at $341,000 after buying an additional 108 shares in the last quarter. Petra Financial Advisors Inc. boosted its holdings in shares of Camtek by 1.5% during the 2nd quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company’s stock valued at $1,038,000 after buying an additional 120 shares in the last quarter. Ellsworth Advisors LLC boosted its holdings in shares of Camtek by 3.4% during the 2nd quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company’s stock valued at $926,000 after buying an additional 245 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Camtek by 17.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock worth $158,000 after purchasing an additional 340 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in 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 purchasing an additional 379 shares in the last quarter. 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.