Camtek (NASDAQ:CAMT) Stock Price Up 2% – Still a Buy?

Camtek Ltd. (NASDAQ:CAMT)’s stock price rose 2% on Monday . The stock traded as high as $51.57 and last traded at $51.57. Approximately 86,202 shares traded hands during trading, a decline of 85% from the average daily volume of 564,884 shares. The stock had previously closed at $50.56.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays cut their price target on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Needham & Company LLC restated a “buy” rating and set a $110.00 target price on shares of Camtek in a research note on Thursday, February 13th. Cantor Fitzgerald assumed coverage on shares of Camtek in a research note on Monday, January 13th. They issued a “neutral” rating and a $100.00 price target on the stock. Northland Securities increased their target price on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $105.00 price target on shares of Camtek in a research note on Thursday, December 12th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $110.22.

Camtek Stock Up 19.3 %

The firm has a 50 day simple moving average of $71.28 and a two-hundred day simple moving average of $78.37. The stock has a market capitalization of $2.85 billion, a P/E ratio of 25.79, a PEG ratio of 1.89 and a beta of 1.42. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. On average, equities research analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current year.

Institutional Investors Weigh In On Camtek

A number of hedge funds and other institutional investors have recently bought and sold shares of CAMT. Jones Financial Companies Lllp raised its position in Camtek by 364.0% during the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 324 shares during the last quarter. Huntington National Bank lifted its stake in shares of Camtek by 42.4% in the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Camtek in the third quarter worth approximately $53,000. State of Wyoming lifted its stake in Camtek by 146.2% during the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock valued at $163,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Optimum Investment Advisors grew its position in Camtek by 43.3% in the 4th quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company’s stock worth $174,000 after purchasing an additional 650 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.