Camtek (NASDAQ:CAMT) Hits New 12-Month High at $124.41

Camtek Ltd. (NASDAQ:CAMT)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $124.41 and last traded at $124.41, with a volume of 80601 shares trading hands. The stock had previously closed at $117.76.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CAMT shares. Northland Securities downgraded shares of Camtek from an “outperform” rating to a “market perform” rating in a report on Thursday, May 16th. Evercore ISI assumed coverage on shares of Camtek in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 price objective for the company. Barclays lifted their target price on shares of Camtek from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Northland Capmk downgraded Camtek from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 16th. Finally, Needham & Company LLC boosted their price objective on Camtek from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Camtek currently has a consensus rating of “Moderate Buy” and an average target price of $103.63.

Camtek Trading Up 1.4 %

The firm has a fifty day moving average of $100.79 and a two-hundred day moving average of $85.23. The company has a market cap of $5.62 billion, a PE ratio of 70.76, a price-to-earnings-growth ratio of 2.53 and a beta of 1.37. The company has a current ratio of 3.66, a quick ratio of 3.08 and a debt-to-equity ratio of 0.44.

Camtek (NASDAQ:CAMT) last posted its earnings results on Thursday, May 9th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.07. The firm had revenue of $97.01 million during the quarter, compared to the consensus estimate of $93.75 million. Camtek had a net margin of 25.35% and a return on equity of 20.94%. As a group, sell-side analysts predict that Camtek Ltd. will post 2.35 EPS for the current year.

Hedge Funds Weigh In On Camtek

A number of large investors have recently made changes to their positions in CAMT. Optimum Investment Advisors lifted its holdings in Camtek by 15.0% during the 4th quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 225 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Camtek by 17.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock worth $158,000 after buying an additional 340 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Camtek by 574.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock worth $31,000 after buying an additional 379 shares in the last quarter. Truvestments Capital LLC boosted its position in shares of Camtek by 5.2% in the first quarter. Truvestments Capital LLC now owns 10,191 shares of the semiconductor company’s stock valued at $854,000 after acquiring an additional 507 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Camtek during the first quarter valued at approximately $50,000. 41.93% of the stock is owned by institutional investors.

Camtek Company Profile

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.