Camtek (NASDAQ:CAMT) Stock Price Up 3.4% – What’s Next?

Shares of Camtek Ltd. (NASDAQ:CAMT) were up 3.4% during mid-day trading on Thursday . The stock traded as high as $67.03 and last traded at $66.84. Approximately 212,934 shares changed hands during trading, a decline of 62% from the average daily volume of 553,417 shares. The stock had previously closed at $64.67.

Analysts Set New Price Targets

Several brokerages have weighed in on CAMT. Barclays decreased their price objective on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Northland Securities raised their price target on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. 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. Cantor Fitzgerald initiated coverage on Camtek in a research note on Monday, January 13th. They issued a “neutral” rating and a $100.00 target price for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price target on shares of Camtek in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Camtek has an average rating of “Moderate Buy” and a consensus target price of $114.11.

Camtek Stock Performance

The firm has a fifty day moving average of $83.77 and a 200-day moving average of $80.70. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. The firm has a market cap of $3.08 billion, a P/E ratio of 27.97, a PEG ratio of 1.89 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last issued its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. Research analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Camtek

Institutional investors and hedge funds have recently made changes to their positions in the business. Wasatch Advisors LP grew its stake in shares of Camtek by 311.8% during the fourth quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company’s stock worth $96,341,000 after purchasing an additional 903,126 shares during the period. Menora Mivtachim Holdings LTD. grew its position in shares of Camtek by 81.8% during the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company’s stock worth $126,521,000 after buying an additional 705,000 shares during the period. Meitav Investment House Ltd. increased its stake in shares of Camtek by 119.3% in the 4th quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company’s stock valued at $66,159,000 after acquiring an additional 445,079 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Camtek in the 4th quarter valued at approximately $30,956,000. Finally, Two Sigma Advisers LP boosted its stake in Camtek by 107.5% during the 3rd quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock worth $57,548,000 after acquiring an additional 373,400 shares during the last quarter. 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.