Camtek (NASDAQ:CAMT) Given New $167.00 Price Target at Morgan Stanley

Camtek (NASDAQ:CAMT) had its target price hoisted by Morgan Stanley from $163.00 to $167.00 in a report published on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the semiconductor company’s stock.

Several other analysts have also weighed in on CAMT. Needham & Company LLC boosted their price objective on Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Barclays increased their target price on Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Evercore reiterated an “outperform” rating and issued a $200.00 price target on shares of Camtek in a report on Wednesday, May 13th. Northland Securities set a $174.00 price target on Camtek in a report on Wednesday, May 13th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $185.00 price target on shares of Camtek in a research report on Friday, April 17th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.67.

Camtek Price Performance

Shares of CAMT stock opened at $131.34 on Monday. The firm has a fifty day moving average of $175.21 and a two-hundred day moving average of $158.93. The firm has a market cap of $6.13 billion, a P/E ratio of 149.34, a P/E/G ratio of 3.42 and a beta of 1.55. Camtek has a 1-year low of $75.75 and a 1-year high of $215.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.35 and a quick ratio of 7.46.

Camtek (NASDAQ:CAMT) last issued its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The business had revenue of $121.66 million for the quarter, compared to analyst estimates of $120.15 million. During the same quarter in the prior year, the business posted $0.79 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, research analysts anticipate that Camtek will post 3.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camtek

A number of large investors have recently bought and sold shares of CAMT. Advisors Asset Management Inc. grew its holdings in shares of Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 293 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Camtek by 12.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company’s stock worth $8,749,000 after purchasing an additional 16,117 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Camtek by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company’s stock worth $3,333,000 after purchasing an additional 279 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Camtek by 4.7% in the 2nd quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock worth $409,000 after purchasing an additional 217 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Camtek by 8.3% in the 2nd quarter. Invesco Ltd. now owns 263,836 shares of the semiconductor company’s stock worth $22,310,000 after purchasing an additional 20,237 shares during the last quarter. Institutional investors own 41.93% of the company’s stock.

About Camtek

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.