Camtek (NASDAQ:CAMT) Upgraded at StockNews.com

StockNews.com upgraded shares of Camtek (NASDAQ:CAMT) from a sell rating to a hold rating in a report published on Sunday morning.

A number of other equities research analysts have also recently issued reports on CAMT. Northland Securities upped their price objective on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. 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. Jefferies Financial Group lowered their price objective on shares of Camtek from $120.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Cantor Fitzgerald started coverage on Camtek in a report on Monday, January 13th. They set a “neutral” rating and a $100.00 price target for the company. Finally, Stifel Nicolaus restated a “buy” rating and issued a $105.00 price objective on shares of Camtek in a research note on Thursday, December 12th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.22.

Camtek Stock Performance

Shares of CAMT opened at $52.32 on Friday. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 1.89 and a beta of 1.42. Camtek has a 12 month low of $47.41 and a 12 month high of $140.50. The firm has a fifty day simple moving average of $72.49 and a 200 day simple moving average of $78.57. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Research analysts forecast that Camtek will post 2.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Camtek

A number of large investors have recently made changes to their positions in the company. Huntington National Bank grew 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 acquiring an additional 123 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Camtek by 3.3% during the 4th quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company’s stock worth $427,000 after purchasing an additional 171 shares in the last quarter. Prentiss Smith & Co. Inc. increased its holdings in shares of Camtek by 10.8% during the fourth quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company’s stock worth $225,000 after purchasing an additional 272 shares during the period. Jones Financial Companies Lllp raised its position in shares of Camtek by 364.0% in the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 324 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Camtek by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 39,117 shares of the semiconductor company’s stock valued at $3,159,000 after buying an additional 360 shares during the period. 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.