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

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CAMT shares. B. Riley lifted their target price on Camtek from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Northland Capmk cut Camtek from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 16th. Jefferies Financial Group assumed coverage on Camtek in a research report on Monday, May 13th. They issued a “buy” rating and a $120.00 price target on the stock. Barclays boosted their price target on Camtek from $90.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Finally, Northland Securities cut Camtek from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.63.

Camtek Price Performance

The company has a 50 day moving average price of $98.89 and a 200 day moving average price of $84.54. The firm has a market cap of $5.63 billion, a PE ratio of 70.01, a price-to-earnings-growth ratio of 2.49 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 announced its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. The business had revenue of $97.01 million for the quarter, compared to analyst estimates of $93.75 million. Camtek had a return on equity of 20.94% and a net margin of 25.35%. On average, sell-side analysts expect that Camtek Ltd. will post 2.35 EPS for the current year.

Institutional Investors Weigh In On Camtek

Several institutional investors have recently modified their holdings of the company. Tidal Investments LLC acquired a new position in shares of Camtek during the 1st quarter worth approximately $1,716,000. Hood River Capital Management LLC raised its holdings in Camtek by 1.9% in the 1st quarter. Hood River Capital Management LLC now owns 691,780 shares of the semiconductor company’s stock valued at $57,950,000 after acquiring an additional 13,094 shares during the last quarter. Truvestments Capital LLC raised its holdings in Camtek by 5.2% in the 1st 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 last quarter. Axxcess Wealth Management LLC raised its holdings in Camtek by 7.6% in the 1st quarter. Axxcess Wealth Management LLC now owns 11,743 shares of the semiconductor company’s stock valued at $984,000 after acquiring an additional 833 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Camtek in the 1st quarter valued at $55,026,000. Hedge funds and other 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 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.