Camtek (NASDAQ:CAMT) Price Target Raised to $167.00

Camtek (NASDAQ:CAMT) had its price target lifted by equities research analysts at Morgan Stanley from $163.00 to $167.00 in a report released on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley’s target price indicates a potential upside of 17.19% from the company’s current price.

A number of other brokerages have also issued reports on CAMT. Evercore reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Camtek in a research note on Wednesday, May 13th. Weiss Ratings raised Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 14th. Barclays raised their price objective on Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Needham & Company LLC lifted their target price on shares of Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Camtek in a report on Monday, April 20th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Camtek has an average rating of “Moderate Buy” and an average target price of $174.67.

Camtek Stock Performance

Shares of Camtek stock opened at $142.50 on Monday. The company has a current ratio of 8.35, a quick ratio of 7.46 and a debt-to-equity ratio of 0.71. Camtek has a twelve month low of $75.75 and a twelve month high of $215.99. The firm has a market capitalization of $6.65 billion, a PE ratio of 163.79, a P/E/G ratio of 3.42 and a beta of 1.55. The firm’s 50-day moving average price is $176.29 and its 200 day moving average price is $158.72.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The company had revenue of $121.66 million during the quarter, compared to analyst estimates of $120.15 million. During the same period in the previous year, the business earned $0.79 EPS. Camtek’s quarterly revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts predict that Camtek will post 3.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Camtek

A number of institutional investors have recently added to or reduced their stakes in CAMT. EverSource Wealth Advisors LLC boosted its stake in Camtek by 46.8% during the first quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock worth $45,000 after buying an additional 95 shares during the last quarter. Lifestyle Asset Management Inc. increased its stake in shares of Camtek by 2.5% in the 4th quarter. Lifestyle Asset Management Inc. now owns 4,764 shares of the semiconductor company’s stock worth $507,000 after acquiring an additional 115 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Camtek by 6.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,072 shares of the semiconductor company’s stock worth $314,000 after acquiring an additional 117 shares during the period. Geode Capital Management LLC raised its holdings in shares of Camtek by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 39,576 shares of the semiconductor company’s stock worth $4,209,000 after acquiring an additional 162 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of Camtek by 202.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 200 shares during the last quarter. 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.