Camtek (NASDAQ:CAMT) Coverage Initiated at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Camtek (NASDAQ:CAMT) in a research report released on Monday, MarketBeat Ratings reports. The firm issued a neutral rating and a $100.00 price target on the semiconductor company’s stock.

CAMT has been the subject of a number of other reports. Needham & Company LLC restated a “buy” rating and issued a $95.00 target price on shares of Camtek in a report on Wednesday, November 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $105.00 price target on shares of Camtek in a research note on Thursday, December 12th. Northland Securities raised their price target on shares of Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Camtek presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.78.

Camtek Stock Performance

NASDAQ:CAMT opened at $93.48 on Monday. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 43.08, a price-to-earnings-growth ratio of 1.36 and a beta of 1.33. Camtek has a 1-year low of $69.83 and a 1-year high of $140.50. The firm’s fifty day moving average price is $79.79 and its 200 day moving average price is $88.19. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results 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 business had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. During the same quarter in the previous year, the company earned $0.46 EPS. The company’s quarterly revenue was up 39.5% on a year-over-year basis. On average, sell-side analysts expect that Camtek will post 2.53 EPS for the current year.

Hedge Funds Weigh In On Camtek

Hedge funds have recently made changes to their positions in the business. Two Sigma Advisers LP grew its position in Camtek by 107.5% in the third quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock worth $57,548,000 after buying an additional 373,400 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Camtek by 3,005.3% during the third quarter. The Manufacturers Life Insurance Company now owns 330,716 shares of the semiconductor company’s stock valued at $26,408,000 after purchasing an additional 320,066 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in Camtek by 21.5% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock worth $121,734,000 after buying an additional 268,258 shares during the last quarter. Fred Alger Management LLC raised its holdings in shares of Camtek by 224.8% during the 3rd quarter. Fred Alger Management LLC now owns 217,474 shares of the semiconductor company’s stock valued at $17,365,000 after purchasing an additional 150,513 shares in the last quarter. Finally, abrdn plc acquired a new stake in Camtek in the 3rd quarter worth approximately $11,387,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

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.