Camtek’s (CAMT) Buy Rating Reaffirmed at B. Riley

Camtek (NASDAQ:CAMT)‘s stock had its “buy” rating reissued by B. Riley in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $102.00 target price on the semiconductor company’s stock. B. Riley’s price objective indicates a potential upside of 17.17% from the company’s previous close.

Separately, Barclays increased their target price on Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.14.

Camtek Trading Down 2.5 %

Shares of CAMT stock opened at $87.05 on Tuesday. The stock has a market capitalization of $3.91 billion, a PE ratio of 53.73, a P/E/G ratio of 3.00 and a beta of 1.41. Camtek has a 1-year low of $24.81 and a 1-year high of $90.54. The business has a 50-day moving average of $80.55 and a 200 day moving average of $68.40. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 4.77.

Camtek (NASDAQ:CAMT) last issued its earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.04. The company had revenue of $88.70 million during the quarter, compared to analysts’ expectations of $88.02 million. Camtek had a return on equity of 18.92% and a net margin of 24.93%. Camtek’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS. As a group, sell-side analysts anticipate that Camtek will post 2.12 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Optimum Investment Advisors raised its position in Camtek by 15.0% during the 4th quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock valued at $120,000 after purchasing an additional 225 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Camtek by 17.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock worth $158,000 after acquiring an additional 340 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of Camtek by 9.8% in the 2nd quarter. Osaic Holdings Inc. now owns 4,131 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 369 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Camtek by 574.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 379 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Camtek by 1.0% in the 1st quarter. Geode Capital Management LLC now owns 40,876 shares of the semiconductor company’s stock worth $1,159,000 after acquiring an additional 396 shares in the last quarter. Institutional investors own 41.93% of the company’s stock.

About Camtek

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry.