Camtek (NASDAQ:CAMT) Hits New 52-Week High – Time to Buy?

Camtek Ltd. (NASDAQ:CAMT)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $165.43 and last traded at $162.2650, with a volume of 168014 shares trading hands. The stock had previously closed at $157.00.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CAMT shares. Stifel Nicolaus lifted their price objective on shares of Camtek from $120.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday. 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 note on Wednesday. Bank of America boosted their price target on shares of Camtek from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. The Goldman Sachs Group reissued a “neutral” rating and set a $145.00 price target on shares of Camtek in a report on Wednesday. Finally, Evercore reaffirmed an “outperform” rating and issued a $190.00 price objective on shares of Camtek in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $165.92.

Camtek Trading Down 3.3%

The stock has a market cap of $6.75 billion, a PE ratio of 157.55, a P/E/G ratio of 3.30 and a beta of 1.57. The business’s fifty day moving average is $134.06 and its 200 day moving average is $113.30. The company has a quick ratio of 6.52, a current ratio of 8.35 and a debt-to-equity ratio of 0.84.

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

Institutional Trading of Camtek

A number of institutional investors have recently bought and sold shares of CAMT. Daiwa Securities Group Inc. grew its holdings in Camtek by 202.0% in the fourth 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 worth about $32,000. Advisors Asset Management Inc. grew its stake in Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 293 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Camtek during the 4th quarter valued at about $52,000. Finally, Rothschild Investment LLC acquired a new position in Camtek during the third quarter worth about $54,000. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

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.