Camtek (NASDAQ:CAMT) Price Target Raised to $120.00 at Northland Securities

Camtek (NASDAQ:CAMT) had its price target boosted by research analysts at Northland Securities from $102.00 to $120.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the semiconductor company’s stock. Northland Securities’ target price would indicate a potential upside of 32.07% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $105.00 price target on shares of Camtek in a research note on Thursday, December 12th. Needham & Company LLC reiterated a “buy” rating and issued a $95.00 price target on shares of Camtek in a research note on Wednesday, November 13th. Finally, StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $112.13.

Camtek Trading Down 0.2 %

CAMT opened at $90.86 on Tuesday. The firm’s fifty day simple moving average is $78.24 and its 200 day simple moving average is $89.18. The stock has a market capitalization of $4.12 billion, a P/E ratio of 41.87, a P/E/G ratio of 1.36 and a beta of 1.33. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. Camtek has a 12 month low of $67.67 and a 12 month high of $140.50.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The company’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 earnings per share. As a group, research analysts anticipate that Camtek will post 2.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Camtek

A number of institutional investors and hedge funds have recently modified their holdings of the company. Y.D. More Investments Ltd increased its position in Camtek by 723.7% during the second quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock worth $78,709,000 after buying an additional 550,854 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of Camtek by 107.5% during the 3rd quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock worth $57,548,000 after acquiring an additional 373,400 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Camtek by 3,005.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 330,716 shares of the semiconductor company’s stock valued at $26,408,000 after acquiring an additional 320,066 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Camtek by 21.5% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock valued at $121,734,000 after purchasing an additional 268,258 shares during the last quarter. Finally, Fred Alger Management LLC boosted its position in Camtek by 224.8% during the third quarter. Fred Alger Management LLC now owns 217,474 shares of the semiconductor company’s stock worth $17,365,000 after purchasing an additional 150,513 shares during the period. 41.93% of the stock is owned by institutional investors.

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.