Camtek (NASDAQ:CAMT) Now Covered by Evercore ISI

Analysts at Evercore ISI initiated coverage on shares of Camtek (NASDAQ:CAMT) in a report released on Tuesday, MarketBeat reports. The firm set an “outperform” rating and a $100.00 price target on the semiconductor company’s stock. Evercore ISI’s price target points to a potential upside of 24.44% from the stock’s current price.

A number of other research analysts have also recently commented on the company. B. Riley restated a “buy” rating and issued a $102.00 price target on shares of Camtek in a research report on Tuesday, March 26th. Barclays boosted their target price on shares of Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Camtek has an average rating of “Moderate Buy” and an average price target of $74.75.

Camtek Stock Performance

NASDAQ CAMT opened at $80.36 on Tuesday. The firm has a 50-day moving average price of $81.10 and a two-hundred day moving average price of $70.77. Camtek has a 12-month low of $24.89 and a 12-month high of $90.54. The company has a market capitalization of $3.61 billion, a P/E ratio of 49.60, a P/E/G ratio of 2.69 and a beta of 1.41. The company has a quick ratio of 4.77, a current ratio of 5.66 and a debt-to-equity ratio of 0.41.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.04. Camtek had a return on equity of 18.92% and a net margin of 24.93%. The business had revenue of $88.70 million during the quarter, compared to analysts’ expectations of $88.02 million. During the same period in the previous year, the company posted $0.45 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts anticipate that Camtek will post 2.12 earnings per share for the current year.

Hedge Funds Weigh In On Camtek

A number of institutional investors have recently added to or reduced their stakes in the stock. Optimum Investment Advisors grew its stake in shares of Camtek by 15.0% during the fourth quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock worth $120,000 after buying an additional 225 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Camtek by 17.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock valued at $158,000 after acquiring an additional 340 shares in the last quarter. Osaic Holdings Inc. grew its position in Camtek by 9.8% during the 2nd quarter. Osaic Holdings Inc. now owns 4,131 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 369 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Camtek by 574.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 379 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Camtek by 1.0% in the first quarter. Geode Capital Management LLC now owns 40,876 shares of the semiconductor company’s stock valued at $1,159,000 after purchasing an additional 396 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Company Profile

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.