Camtek (NASDAQ:CAMT) Earns Neutral Rating from Analysts at Cantor Fitzgerald

Equities research analysts at Cantor Fitzgerald began coverage on shares of Camtek (NASDAQ:CAMT) in a research note issued on Monday,Briefing.com Automated Import reports. The firm set a “neutral” rating and a $100.00 price target on the semiconductor company’s stock. Cantor Fitzgerald’s price objective suggests a potential upside of 11.71% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. Northland Securities boosted their target price on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $95.00 target price on shares of Camtek in a research note on Wednesday, November 13th. Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price objective on shares of Camtek in a research note 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 research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Camtek has an average rating of “Moderate Buy” and a consensus target price of $110.78.

Camtek Stock Down 1.5 %

Shares of NASDAQ:CAMT opened at $89.52 on Monday. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 41.25, a PEG ratio of 1.36 and a beta of 1.33. The stock has a fifty day simple moving average of $78.95 and a two-hundred day simple moving average of $88.87. Camtek has a 12-month low of $69.51 and a 12-month high of $140.50. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data 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 return on equity of 24.21% and a net margin of 26.53%. The company had revenue of $112.30 million during the quarter, compared to analyst estimates of $108.51 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. Camtek’s revenue was up 39.5% compared to the same quarter last year. On average, research analysts anticipate that Camtek will post 2.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CAMT. Bank of New York Mellon Corp grew its position in Camtek by 551.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,864 shares of the semiconductor company’s stock worth $2,237,000 after purchasing an additional 15,120 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Camtek by 49.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,484 shares of the semiconductor company’s stock valued at $687,000 after acquiring an additional 1,805 shares during the period. Axxcess Wealth Management LLC lifted its stake in Camtek by 5.0% in the 2nd quarter. Axxcess Wealth Management LLC now owns 12,329 shares of the semiconductor company’s stock valued at $1,544,000 after buying an additional 586 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd purchased a new position in Camtek in the 2nd quarter valued at about $250,000. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Camtek by 14.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,851 shares of the semiconductor company’s stock valued at $605,000 after buying an additional 613 shares in the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

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.