Morgan Stanley Boosts Camtek (NASDAQ:CAMT) Price Target to $161.00

Camtek (NASDAQ:CAMT) had its price objective hoisted by investment analysts at Morgan Stanley from $151.00 to $161.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley’s price target points to a potential downside of 7.08% from the company’s current price.

Several other research firms also recently commented on CAMT. B. Riley Financial increased their price objective on Camtek from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Stifel Nicolaus lifted their target price on shares of Camtek from $120.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Wall Street Zen raised shares of Camtek from a “sell” rating to a “hold” rating in a report on Saturday. Northland Securities cut shares of Camtek from an “outperform” rating to a “market perform” rating and set a $150.00 target price for the company. in a research report on Wednesday, February 18th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Camtek in a research note on Monday, December 29th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Camtek currently has a consensus rating of “Moderate Buy” and an average price target of $166.75.

Camtek Price Performance

Camtek stock traded up $0.99 during midday trading on Tuesday, reaching $173.28. The company had a trading volume of 56,328 shares, compared to its average volume of 544,485. The company has a debt-to-equity ratio of 0.84, a current ratio of 8.35 and a quick ratio of 7.31. Camtek has a 12-month low of $47.41 and a 12-month high of $180.83. The company has a market capitalization of $7.94 billion, a P/E ratio of 184.68, a P/E/G ratio of 3.93 and a beta of 1.53. The firm’s fifty day simple moving average is $153.77 and its 200-day simple moving average is $125.30.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.02). The firm had revenue of $128.12 million for the quarter, compared to analysts’ expectations of $127.10 million. Camtek had a return on equity of 23.61% and a net margin of 10.23%.Camtek’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 earnings per share. As a group, equities analysts anticipate that Camtek will post 2.93 EPS for the current year.

Institutional Investors Weigh In On Camtek

Hedge funds have recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its holdings in Camtek by 202.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Camtek in the 3rd quarter valued at approximately $32,000. Advisors Asset Management Inc. raised its position in shares of Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 293 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Camtek during the 4th quarter valued at approximately $52,000. Finally, Rothschild Investment LLC acquired a new position in Camtek in the third quarter valued at approximately $54,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.