Needham & Company LLC Reiterates Buy Rating for Camtek (NASDAQ:CAMT)

Camtek (NASDAQ:CAMT)‘s stock had its “buy” rating reiterated by equities research analysts at Needham & Company LLC in a research note issued on Wednesday,Benzinga reports. They currently have a $95.00 target price on the semiconductor company’s stock. Needham & Company LLC’s price target would suggest a potential upside of 20.68% from the company’s current price.

CAMT has been the subject of a number of other research reports. B. Riley dropped their price objective on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Northland Securities boosted their price target on shares of Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday. StockNews.com cut shares of Camtek from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.57.

Camtek Trading Down 1.5 %

Shares of CAMT stock opened at $78.72 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21. The stock has a market capitalization of $3.57 billion, a P/E ratio of 36.28, a price-to-earnings-growth ratio of 1.70 and a beta of 1.38. The company has a 50 day moving average price of $79.43 and a 200 day moving average price of $95.64. Camtek has a fifty-two week low of $59.33 and a fifty-two week high of $140.50.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.84%. 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 business posted $0.46 earnings per share. Equities research analysts predict that Camtek will post 2.45 EPS for the current fiscal year.

Institutional Trading of Camtek

Institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. lifted 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 worth $26,000 after buying an additional 145 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted 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 worth $59,000 after buying an additional 466 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Camtek during the 1st quarter worth approximately $50,000. Russell Investments Group Ltd. raised its position in Camtek by 524.6% in the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 1,238 shares during the last quarter. Finally, Gateway Wealth Partners LLC purchased a new stake in Camtek in the 2nd quarter valued at $220,000. 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.