Camtek’s (CAMT) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Camtek (NASDAQ:CAMT) in a report issued on Thursday,Benzinga reports. Needham & Company LLC currently has a $110.00 price objective on the semiconductor company’s stock.

A number of other brokerages have also recently commented on CAMT. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Barclays decreased their target price on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. Cantor Fitzgerald started coverage on shares of Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 price target on the stock. Finally, Northland Securities boosted their price objective on shares of Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.11.

Camtek Stock Performance

Shares of NASDAQ:CAMT opened at $88.49 on Thursday. Camtek has a 12-month low of $69.83 and a 12-month high of $140.50. The company’s 50 day moving average price is $86.96 and its two-hundred day moving average price is $84.22. The firm has a market cap of $4.01 billion, a PE ratio of 40.78, a PEG ratio of 1.43 and a beta of 1.34. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.21% and a net margin of 26.53%. Equities research analysts predict that Camtek will post 2.53 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wasatch Advisors LP grew its position in Camtek by 311.8% during the 4th quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company’s stock worth $96,341,000 after acquiring an additional 903,126 shares during the last quarter. Guggenheim Capital LLC acquired a new stake in shares of Camtek during the fourth quarter valued at about $1,388,000. Menora Mivtachim Holdings LTD. grew its holdings in shares of Camtek by 81.8% during the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company’s stock worth $126,521,000 after purchasing an additional 705,000 shares during the last quarter. Phoenix Financial Ltd. increased its stake in shares of Camtek by 39.5% in the fourth quarter. Phoenix Financial Ltd. now owns 128,178 shares of the semiconductor company’s stock valued at $10,353,000 after buying an additional 36,300 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Camtek in the 4th quarter valued at approximately $4,334,000. 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.