Camtek (NASDAQ:CAMT) Trading Up 8.1% – Should You Buy?

Camtek Ltd. (NASDAQ:CAMT)’s share price shot up 8.1% during trading on Thursday . The stock traded as high as $192.22 and last traded at $192.6140. 35,964 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 501,862 shares. The stock had previously closed at $178.14.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CAMT. Stifel Nicolaus restated a “hold” rating and issued a $185.00 price objective on shares of Camtek in a research report on Friday, April 17th. Needham & Company LLC boosted their price objective on Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. B. Riley Financial restated a “buy” rating on shares of Camtek in a research report on Monday, April 20th. Barclays boosted their price objective on Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen upgraded Camtek from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.33.

Camtek Stock Up 6.8%

The company has a quick ratio of 7.46, a current ratio of 8.35 and a debt-to-equity ratio of 0.71. The company has a fifty day moving average price of $178.89 and a 200-day moving average price of $154.27. The stock has a market capitalization of $8.72 billion, a P/E ratio of 218.66, a PEG ratio of 4.38 and a beta of 1.54.

Camtek (NASDAQ:CAMT) last issued its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The firm had revenue of $121.66 million for the quarter, compared to analysts’ expectations of $120.15 million. During the same period in the previous year, the firm posted $0.79 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. As a group, research analysts forecast that Camtek Ltd. will post 3.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Camtek

Several large investors have recently made changes to their positions in CAMT. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Camtek by 38.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,302,009 shares of the semiconductor company’s stock worth $349,008,000 after purchasing an additional 636,773 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Camtek by 18.6% in the second quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company’s stock worth $296,529,000 after purchasing an additional 550,072 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Camtek during the fourth quarter worth approximately $57,772,000. Menora Mivtachim Holdings LTD. increased its stake in Camtek by 31.1% during the third quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock worth $220,537,000 after acquiring an additional 497,918 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Camtek by 169.8% during the third quarter. Millennium Management LLC now owns 479,053 shares of the semiconductor company’s stock worth $50,325,000 after acquiring an additional 301,484 shares during the last quarter. 41.93% of the stock is owned by institutional investors.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.