Camtek (NASDAQ:CAMT) Coverage Initiated by Analysts at Evercore ISI

Evercore ISI assumed coverage on shares of Camtek (NASDAQ:CAMT) in a research note issued on Tuesday, Marketbeat reports. The brokerage set an “outperform” rating and a $100.00 price target on the semiconductor company’s stock. Evercore ISI’s price objective points to a potential upside of 27.45% from the stock’s current price.

A number of other research firms have also recently weighed in on CAMT. B. Riley reissued a “buy” rating and issued a $102.00 price objective on shares of Camtek in a research report on Tuesday, March 26th. Barclays upped their price objective on shares of Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $74.75.

Camtek Stock Performance

NASDAQ:CAMT opened at $78.46 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 4.77. The firm has a 50-day moving average of $80.94 and a two-hundred day moving average of $70.55. The stock has a market cap of $3.52 billion, a P/E ratio of 48.43, a PEG ratio of 2.69 and a beta of 1.41. Camtek has a 1-year low of $24.89 and a 1-year high of $90.54.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. The company had revenue of $88.70 million during the quarter, compared to analysts’ expectations of $88.02 million. Camtek had a net margin of 24.93% and a return on equity of 18.92%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 EPS. On average, research analysts expect that Camtek will post 2.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

Several institutional investors and hedge funds have recently bought and sold shares of CAMT. BluePath Capital Management LLC acquired a new stake in Camtek during the third quarter worth about $31,000. Tower Research Capital LLC TRC raised its stake 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 acquiring an additional 379 shares during the period. USA Financial Formulas raised its stake 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 acquiring an additional 675 shares during the period. Sunbelt Securities Inc. acquired a new stake in Camtek during the first quarter worth about $62,000. Finally, FMR LLC raised its stake in Camtek by 116.1% during the second quarter. FMR LLC now owns 3,032 shares of the semiconductor company’s stock worth $76,000 after acquiring an additional 1,629 shares during the period. 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.