StockNews.com Upgrades Camtek (NASDAQ:CAMT) to “Hold”

Camtek (NASDAQ:CAMT) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

Other analysts have also issued research reports about the stock. B. Riley decreased their target price on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Northland Securities upgraded Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price objective on the stock in a report on Monday, August 5th. Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $140.00 price target on shares of Camtek in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $116.57.

Camtek Stock Up 0.1 %

Shares of NASDAQ:CAMT opened at $77.66 on Friday. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $3.49 billion, a P/E ratio of 43.88, a P/E/G ratio of 1.55 and a beta of 1.38. Camtek has a 52-week low of $49.64 and a 52-week high of $140.50. The stock’s fifty day simple moving average is $82.95 and its 200-day simple moving average is $95.60.

Camtek (NASDAQ:CAMT) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The firm had revenue of $102.60 million during the quarter, compared to the consensus estimate of $101.26 million. During the same quarter in the previous year, the company posted $0.38 EPS. The firm’s revenue for the quarter was up 39.4% on a year-over-year basis. As a group, equities research analysts forecast that Camtek will post 2.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAMT. Hood River Capital Management LLC grew its holdings in shares of Camtek by 1.9% during the 1st quarter. Hood River Capital Management LLC now owns 691,780 shares of the semiconductor company’s stock worth $57,950,000 after purchasing an additional 13,094 shares during the period. Lord Abbett & CO. LLC purchased a new stake in Camtek during the first quarter worth approximately $55,026,000. Y.D. More Investments Ltd increased its position in shares of Camtek by 723.7% in the second quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock worth $78,709,000 after acquiring an additional 550,854 shares in the last quarter. Meitav Investment House Ltd. raised its stake in shares of Camtek by 2.8% in the 2nd quarter. Meitav Investment House Ltd. now owns 327,028 shares of the semiconductor company’s stock valued at $40,981,000 after acquiring an additional 8,906 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Camtek by 34.0% during the 2nd quarter. Millennium Management LLC now owns 217,617 shares of the semiconductor company’s stock valued at $27,254,000 after acquiring an additional 55,234 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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.