Camtek (NASDAQ:CAMT) Trading Up 8.1% – Should You Buy?

Shares of Camtek Ltd. (NASDAQ:CAMT) were up 8.1% during mid-day trading on Thursday . The company traded as high as $192.22 and last traded at $192.6140. Approximately 35,964 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 501,862 shares. The stock had previously closed at $178.14.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CAMT shares. Stifel Nicolaus restated a “hold” rating and issued a $185.00 price target on shares of Camtek in a research note on Friday, April 17th. The Goldman Sachs Group restated a “neutral” rating and issued a $145.00 price target on shares of Camtek in a research note on Wednesday, February 18th. Wall Street Zen upgraded Camtek from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Oppenheimer raised their price target on Camtek from $180.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group raised their price target on Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $174.33.

Camtek Stock Up 6.8%

The company has a market capitalization of $8.72 billion, a PE ratio of 218.66, a P/E/G ratio of 4.38 and a beta of 1.54. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.35 and a quick ratio of 7.46. The company has a 50-day moving average of $178.89 and a two-hundred day moving average of $154.27.

Camtek (NASDAQ:CAMT) last released its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $121.66 million for the quarter, compared to the consensus estimate of $120.15 million. Camtek had a return on equity of 22.26% and a net margin of 9.63%.Camtek’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 earnings per share. Sell-side analysts anticipate that Camtek Ltd. will post 3.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camtek

Institutional investors and hedge funds have recently bought and sold shares of the stock. Daiwa Securities Group Inc. lifted its position in Camtek by 202.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 200 shares in the last quarter. Advisory Services Network LLC purchased a new position in Camtek during the third quarter valued at $32,000. Fifth Third Bancorp purchased a new position in Camtek during the first quarter valued at $42,000. EverSource Wealth Advisors LLC raised its holdings in Camtek by 46.8% during the first quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 95 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of Camtek by 61.6% in the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 293 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. (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.