Camtek’s (CAMT) Hold Rating Reiterated at Stifel Nicolaus

Camtek (NASDAQ:CAMT)‘s stock had its “hold” rating reissued by analysts at Stifel Nicolaus in a report released on Friday,Benzinga reports. They currently have a $185.00 price target on the semiconductor company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 2.42% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Wall Street Zen raised Camtek from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Camtek in a research note on Monday, December 29th. Oppenheimer upped their price target on Camtek from $120.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Morgan Stanley upped their price target on Camtek from $151.00 to $161.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 24th. Finally, Zacks Research raised Camtek from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $166.75.

Camtek Stock Performance

NASDAQ CAMT opened at $180.63 on Friday. The stock’s fifty day moving average is $161.97 and its two-hundred day moving average is $134.11. The firm has a market capitalization of $8.28 billion, a P/E ratio of 192.16, a price-to-earnings-growth ratio of 4.22 and a beta of 1.56. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.31 and a current ratio of 8.35. Camtek has a fifty-two week low of $57.50 and a fifty-two week high of $183.62.

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

Hedge Funds Weigh In On Camtek

Large investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in shares of Camtek in the 3rd quarter valued at $1,503,000. Vanguard Group Inc. raised its holdings in shares of Camtek by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,079,022 shares of the semiconductor company’s stock valued at $113,454,000 after buying an additional 15,432 shares during the period. Brown Capital Management LLC raised its holdings in shares of Camtek by 1.2% in the 3rd quarter. Brown Capital Management LLC now owns 1,153,943 shares of the semiconductor company’s stock valued at $121,222,000 after buying an additional 13,806 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Camtek by 42.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,694 shares of the semiconductor company’s stock valued at $5,430,000 after buying an additional 15,490 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Camtek by 31.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 32,056 shares of the semiconductor company’s stock valued at $3,367,000 after buying an additional 7,646 shares during the period. Institutional investors and hedge funds 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.