Camtek (NASDAQ:CAMT) Now Covered by Evercore ISI

Investment analysts at Evercore ISI began coverage on shares of Camtek (NASDAQ:CAMT) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $100.00 price target on the semiconductor company’s stock. Evercore ISI’s price target would suggest a potential upside of 24.44% from the stock’s previous close.

A number of other research firms have also commented on CAMT. Barclays boosted their price target on shares of Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. B. Riley restated a “buy” rating and issued a $102.00 target price on shares of Camtek in a research note on Tuesday, March 26th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.75.

Camtek Price Performance

Camtek stock opened at $80.36 on Tuesday. 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 has a one year low of $24.89 and a one year high of $90.54. The firm has a market capitalization of $3.61 billion, a P/E ratio of 49.60, a PEG ratio of 2.69 and a beta of 1.41. The business has a fifty day moving average price of $81.10 and a 200-day moving average price of $70.77.

Camtek (NASDAQ:CAMT) last issued its earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.53 by $0.04. Camtek had a return on equity of 18.92% and a net margin of 24.93%. The business had revenue of $88.70 million during the quarter, compared to the consensus estimate of $88.02 million. During the same quarter last year, the company earned $0.45 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts forecast that Camtek will post 2.12 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in shares of Camtek by 11.8% during the 1st quarter. JPMorgan Chase & Co. now owns 38,173 shares of the semiconductor company’s stock valued at $1,164,000 after purchasing an additional 4,043 shares during the last quarter. Renaissance Group LLC increased its holdings in shares of Camtek by 9.1% in the first quarter. Renaissance Group LLC now owns 29,484 shares of the semiconductor company’s stock worth $898,000 after buying an additional 2,454 shares during the period. UBS Group AG lifted its stake in shares of Camtek by 5,643.2% in the 1st quarter. UBS Group AG now owns 57,087 shares of the semiconductor company’s stock valued at $1,738,000 after acquiring an additional 56,093 shares during the last quarter. Invesco Ltd. boosted its holdings in Camtek by 7.8% during the 1st quarter. Invesco Ltd. now owns 610,164 shares of the semiconductor company’s stock valued at $18,585,000 after acquiring an additional 44,158 shares during the period. Finally, Engineers Gate Manager LP bought a new position in Camtek during the 1st quarter worth approximately $735,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

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.