Camtek (NASDAQ:CAMT) Trading Up 4.7% – What’s Next?

Camtek Ltd. (NASDAQ:CAMT)’s share price rose 4.7% on Tuesday . The company traded as high as $82.93 and last traded at $82.86. Approximately 97,868 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 534,402 shares. The stock had previously closed at $79.16.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CAMT shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 price target on shares of Camtek in a research report on Friday, August 2nd. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Northland Securities raised Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a research report on Monday, August 5th. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, B. Riley reduced their price objective on Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $116.57.

Camtek Trading Down 3.1 %

The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21. The stock has a market cap of $3.57 billion, a P/E ratio of 44.69, a P/E/G ratio of 1.55 and a beta of 1.38. The company has a 50-day simple moving average of $81.95 and a 200-day simple moving average of $95.64.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $102.60 million for the quarter, compared to the consensus estimate of $101.26 million. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The firm’s quarterly revenue was up 39.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. On average, sell-side analysts forecast that Camtek Ltd. will post 2.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CAMT. Headlands Technologies LLC acquired a new position in shares of Camtek during the first quarter valued at $50,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Camtek by 23,300.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 466 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Camtek by 524.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after buying an additional 1,238 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Camtek by 17.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock worth $158,000 after buying an additional 340 shares during the last quarter. Finally, Gateway Wealth Partners LLC acquired a new position in Camtek in the second quarter valued at approximately $220,000. 41.93% of the stock is currently owned by 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.