Cantor Fitzgerald Initiates Coverage on Camtek (NASDAQ:CAMT)

Cantor Fitzgerald assumed coverage on shares of Camtek (NASDAQ:CAMT) in a research report report published on Monday, MarketBeat reports. The firm issued a neutral rating and a $100.00 price target on the semiconductor company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $95.00 price target on shares of Camtek in a report on Wednesday, November 13th. Northland Securities increased their price objective on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price objective on shares of Camtek in a research report on Thursday, December 12th. Finally, StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.78.

Camtek Price Performance

CAMT stock opened at $86.79 on Monday. The company has a market capitalization of $3.94 billion, a P/E ratio of 40.00, a price-to-earnings-growth ratio of 1.36 and a beta of 1.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28. Camtek has a 52-week low of $69.83 and a 52-week high of $140.50. The business has a 50-day simple moving average of $78.95 and a two-hundred day simple moving average of $88.67.

Camtek (NASDAQ:CAMT) last posted its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The firm had revenue of $112.30 million for the quarter, compared to analysts’ expectations of $108.51 million. During the same quarter last year, the firm earned $0.46 EPS. The company’s quarterly revenue was up 39.5% compared to the same quarter last year. Research analysts expect that Camtek will post 2.53 EPS for the current fiscal year.

Institutional Trading of Camtek

Institutional investors have recently modified their holdings of the company. Fred Alger Management LLC purchased a new stake in shares of Camtek during the second quarter worth about $8,386,000. Meitav Investment House Ltd. boosted its holdings in shares of Camtek by 14.1% during the third quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company’s stock worth $29,887,000 after purchasing an additional 46,016 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Camtek during the second quarter worth about $1,423,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Camtek by 21.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock worth $121,734,000 after purchasing an additional 268,258 shares during the period. Finally, Millennium Management LLC lifted its holdings in Camtek by 34.0% in the second quarter. Millennium Management LLC now owns 217,617 shares of the semiconductor company’s stock worth $27,254,000 after buying an additional 55,234 shares during the period. 41.93% of the stock is currently owned by hedge funds and other 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.