Camtek (NASDAQ:CAMT) PT Raised to $112.00

Camtek (NASDAQ:CAMT) had its price objective boosted by Bank of America from $98.00 to $112.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Several other brokerages have also issued reports on CAMT. Northland Securities lowered Camtek from an outperform rating to a market perform rating in a research note on Thursday, May 16th. Needham & Company LLC boosted their target price on Camtek from $92.00 to $106.00 and gave the company a buy rating in a research note on Friday, May 10th. Evercore ISI began coverage on Camtek in a research note on Tuesday, April 16th. They set an outperform rating and a $100.00 price objective on the stock. Northland Capmk lowered Camtek from a strong-buy rating to a hold rating in a research note on Thursday, May 16th. Finally, Jefferies Financial Group began coverage on Camtek in a research note on Monday, May 13th. They set a buy rating and a $120.00 price objective on the stock. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Camtek has a consensus rating of Moderate Buy and a consensus target price of $96.25.

Camtek Stock Performance

Shares of CAMT opened at $105.85 on Wednesday. The firm has a market cap of $4.75 billion, a PE ratio of 59.80, a PEG ratio of 2.21 and a beta of 1.39. The stock’s fifty day moving average price is $85.31 and its two-hundred day moving average price is $76.61. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.66 and a quick ratio of 3.08. Camtek has a 1 year low of $27.54 and a 1 year high of $106.78.

Camtek (NASDAQ:CAMT) last issued its earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.04. The firm had revenue of $88.70 million for the quarter, compared to analyst estimates of $88.02 million. Camtek had a return on equity of 20.94% and a net margin of 25.35%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. On average, equities research analysts forecast that Camtek will post 2.35 EPS for the current year.

Camtek Announces Dividend

The firm also recently announced a Variable dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were given a dividend of $1.33 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. Camtek’s payout ratio is 75.14%.

Hedge Funds Weigh In On Camtek

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CAMT. Tower Research Capital LLC TRC grew its position in Camtek by 574.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock worth $31,000 after buying an additional 379 shares in the last quarter. USA Financial Formulas grew its position in Camtek by 1,436.2% during the fourth quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock worth $50,000 after buying an additional 675 shares in the last quarter. Headlands Technologies LLC purchased a new position in Camtek during the first quarter worth about $50,000. Optimum Investment Advisors grew its position in Camtek by 15.0% during the fourth quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock worth $120,000 after buying an additional 225 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Camtek by 431.5% during the third quarter. PNC Financial Services Group Inc. now owns 1,940 shares of the semiconductor company’s stock worth $121,000 after buying an additional 1,575 shares in the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

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.