Bank of America Boosts Camtek (NASDAQ:CAMT) Price Target to $112.00

Camtek (NASDAQ:CAMT) had its price target raised by Bank of America from $98.00 to $112.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

A number of other research analysts have also weighed in on CAMT. Jefferies Financial Group began coverage on Camtek in a research report on Monday, May 13th. They set a buy rating and a $120.00 price objective for the company. Barclays raised their price objective on Camtek from $90.00 to $105.00 and gave the company an overweight rating in a research report on Friday, May 10th. Needham & Company LLC raised their price objective on Camtek from $92.00 to $106.00 and gave the company a buy rating in a research report on Friday, May 10th. Northland Capmk downgraded shares of Camtek from a strong-buy rating to a hold rating in a report on Thursday, May 16th. Finally, B. Riley reaffirmed a buy rating and issued a $110.00 price target (up previously from $102.00) on shares of Camtek in a report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Camtek presently has an average rating of Moderate Buy and a consensus target price of $96.25.

Camtek Trading Up 1.6 %

Shares of Camtek stock opened at $105.85 on Wednesday. The company has a market capitalization of $4.75 billion, a P/E ratio of 59.80, a P/E/G ratio of 2.21 and a beta of 1.39. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.08 and a current ratio of 3.66. The company has a fifty day moving average of $85.31 and a 200 day moving average of $76.61. Camtek has a fifty-two week low of $27.54 and a fifty-two week high of $106.78.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.53 by $0.04. The business had revenue of $88.70 million for the quarter, compared to analysts’ expectations of $88.02 million. Camtek had a net margin of 25.35% and a return on equity of 20.94%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. On average, sell-side analysts anticipate that Camtek will post 2.35 earnings per share for the current fiscal year.

Camtek Dividend Announcement

The company also recently disclosed a Variable dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were paid a $1.33 dividend. The ex-dividend date was Wednesday, April 3rd. Camtek’s payout ratio is currently 75.14%.

Institutional Trading of Camtek

Institutional investors have recently added to or reduced their stakes in the company. Optimum Investment Advisors increased its position in shares of 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 acquiring an additional 225 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Camtek by 17.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock worth $158,000 after acquiring an additional 340 shares during the period. Tower Research Capital LLC TRC increased its position in shares of 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. Truvestments Capital LLC increased its position in shares of Camtek by 5.2% during the first quarter. Truvestments Capital LLC now owns 10,191 shares of the semiconductor company’s stock worth $854,000 after acquiring an additional 507 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of Camtek by 6.8% during the third quarter. Van ECK Associates Corp now owns 8,381 shares of the semiconductor company’s stock worth $522,000 after acquiring an additional 533 shares during the period. 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.