Camtek (NASDAQ:CAMT) Upgraded by Wall Street Zen to “Hold” Rating

Camtek (NASDAQ:CAMT) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Other analysts also recently issued reports about the stock. Morgan Stanley set a $151.00 target price on shares of Camtek in a research note on Thursday, February 19th. Bank of America boosted their target price on shares of Camtek from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Zacks Research raised Camtek from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Stifel Nicolaus lifted their target price on shares of Camtek from $120.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Finally, Needham & Company LLC upped their price target on Camtek from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Camtek presently has an average rating of “Moderate Buy” and an average target price of $165.92.

Camtek Stock Down 3.7%

NASDAQ:CAMT opened at $165.95 on Friday. The firm has a market capitalization of $7.57 billion, a PE ratio of 176.54, a price-to-earnings-growth ratio of 4.08 and a beta of 1.53. The stock has a 50 day moving average of $153.08 and a 200-day moving average of $123.98. The company has a current ratio of 8.35, a quick ratio of 7.31 and a debt-to-equity ratio of 0.84. Camtek has a 52 week low of $47.41 and a 52 week high of $176.00.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.02). The firm had revenue of $128.12 million during the quarter, compared to analyst estimates of $127.10 million. Camtek had a net margin of 10.23% and a return on equity of 23.61%. Camtek’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 EPS. Analysts predict that Camtek will post 2.93 EPS for the current year.

Institutional Investors Weigh In On Camtek

Hedge funds have recently bought and sold shares of the company. Lifestyle Asset Management Inc. increased its stake in shares of Camtek by 2.5% in the fourth quarter. Lifestyle Asset Management Inc. now owns 4,764 shares of the semiconductor company’s stock valued at $507,000 after buying an additional 115 shares during the period. Blue Trust Inc. boosted its position in Camtek by 2.8% during the 3rd quarter. Blue Trust Inc. now owns 5,877 shares of the semiconductor company’s stock worth $617,000 after buying an additional 161 shares during the period. Geode Capital Management LLC boosted its position in Camtek by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 39,576 shares of the semiconductor company’s stock worth $4,209,000 after buying an additional 162 shares during the period. Advisors Asset Management Inc. grew its holdings in Camtek by 23.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 952 shares of the semiconductor company’s stock worth $81,000 after acquiring an additional 183 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Camtek by 202.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 200 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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.