Camtek (NASDAQ:CAMT) Price Target Raised to $161.00 at Morgan Stanley

Camtek (NASDAQ:CAMT) had its price target hoisted by investment analysts at Morgan Stanley from $151.00 to $161.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley’s price objective points to a potential downside of 7.08% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Needham & Company LLC boosted their price target on shares of Camtek from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. B. Riley Financial increased their price objective on shares of Camtek from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Oppenheimer lifted their target price on shares of Camtek from $120.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Jefferies Financial Group reissued a “buy” rating and issued a $185.00 target price on shares of Camtek in a research report on Wednesday, February 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Camtek in a research note on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Camtek currently has an average rating of “Moderate Buy” and an average target price of $166.75.

Camtek Trading Up 0.6%

Shares of NASDAQ CAMT traded up $0.99 during mid-day trading on Tuesday, reaching $173.28. 56,328 shares of the company’s stock were exchanged, compared to its average volume of 544,485. The company’s 50-day moving average is $153.77 and its 200-day moving average is $125.30. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.31 and a current ratio of 8.35. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of 184.68, a PEG ratio of 3.93 and a beta of 1.53. Camtek has a 52-week low of $47.41 and a 52-week high of $180.83.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Analog Century Management LP purchased a new stake in Camtek during the 2nd quarter worth approximately $52,321,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Camtek by 56.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,665,236 shares of the semiconductor company’s stock worth $177,090,000 after acquiring an additional 604,097 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Camtek by 18.6% during the second quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company’s stock worth $296,529,000 after acquiring an additional 550,072 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Camtek during the fourth quarter worth $57,772,000. Finally, Menora Mivtachim Holdings LTD. raised its stake in shares of Camtek by 31.1% in the third quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock valued at $220,537,000 after acquiring an additional 497,918 shares in the last quarter. 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.