Stifel Financial Corp Boosts Stake in Camtek Ltd. (NASDAQ:CAMT)

Stifel Financial Corp increased its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 77.3% during the third quarter, HoldingsChannel reports. The firm owned 3,151 shares of the semiconductor company’s stock after buying an additional 1,374 shares during the period. Stifel Financial Corp’s holdings in Camtek were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. raised its position in Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after buying an additional 145 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Camtek by 23,300.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 466 shares during the last quarter. Gateway Wealth Partners LLC bought a new stake in shares of Camtek in the second quarter worth approximately $220,000. Susquehanna International Group Ltd. purchased a new position in shares of Camtek during the second quarter valued at approximately $237,000. Finally, Maven Securities LTD bought a new position in Camtek during the second quarter valued at approximately $241,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Northland Securities increased their target price on Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $95.00 target price on shares of Camtek in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $109.88.

Camtek Price Performance

NASDAQ CAMT opened at $82.46 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28. The business’s fifty day moving average is $77.73 and its 200 day moving average is $90.84. The company has a market capitalization of $3.74 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 1.36 and a beta of 1.34. Camtek Ltd. has a fifty-two week low of $65.18 and a fifty-two week high of $140.50.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $112.30 million for the quarter, compared to analysts’ expectations of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The business’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. Sell-side analysts predict that Camtek Ltd. will post 2.53 earnings per share for the current year.

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.