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

Camtek (NASDAQ:CAMT)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a report released on Thursday,Benzinga reports. They currently have a $110.00 price objective on the semiconductor company’s stock. Needham & Company LLC’s price target indicates a potential upside of 26.32% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. Stifel Nicolaus restated a “buy” rating and issued a $105.00 price objective on shares of Camtek in a research note on Thursday, December 12th. Cantor Fitzgerald started coverage on shares of Camtek in a research report on Monday, January 13th. They issued a “neutral” rating and a $100.00 price target on the stock. Barclays cut their price objective on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Northland Securities upped 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. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.11.

Camtek Stock Down 0.4 %

Camtek stock opened at $87.08 on Thursday. 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 has a fifty-two week low of $69.83 and a fifty-two week high of $140.50. The firm has a fifty day moving average price of $86.96 and a two-hundred day moving average price of $84.22. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 40.13, a P/E/G ratio of 1.43 and a beta of 1.34.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a return on equity of 24.21% and a net margin of 26.53%. As a group, analysts forecast that Camtek will post 2.53 earnings per share for the current year.

Hedge Funds Weigh In On Camtek

Hedge funds and other institutional investors have recently modified their holdings of the stock. Meitav Investment House Ltd. raised its stake in Camtek by 119.3% during the fourth quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company’s stock worth $66,159,000 after acquiring an additional 445,079 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Camtek by 107.5% in the 3rd quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock worth $57,548,000 after purchasing an additional 373,400 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Camtek by 3,005.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 330,716 shares of the semiconductor company’s stock worth $26,408,000 after purchasing an additional 320,066 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Camtek by 32.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company’s stock valued at $91,711,000 after purchasing an additional 279,000 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position 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 valued at $121,734,000 after buying an additional 268,258 shares in 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.