Camtek (NASDAQ:CAMT) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Camtek (NASDAQ:CAMT) from a sell rating to a hold rating in a report issued on Sunday morning.

Several other equities analysts also recently commented on CAMT. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price objective on shares of Camtek in a report on Thursday, February 13th. Cantor Fitzgerald started coverage on shares of Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th. Barclays lowered their target price on Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Jefferies Financial Group reduced their price target on Camtek from $120.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Camtek has an average rating of “Moderate Buy” and an average price target of $110.22.

Camtek Stock Down 4.1 %

Camtek stock opened at $50.56 on Friday. Camtek has a fifty-two week low of $47.41 and a fifty-two week high of $140.50. The firm has a market capitalization of $2.31 billion, a PE ratio of 20.89, a P/E/G ratio of 1.89 and a beta of 1.38. The company’s 50-day moving average is $74.49 and its 200-day moving average is $79.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Sell-side analysts anticipate that Camtek will post 2.93 earnings per share for the current year.

Hedge Funds Weigh In On Camtek

Several hedge funds have recently bought and sold shares of CAMT. Jones Financial Companies Lllp boosted its position in shares of Camtek by 364.0% during the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 324 shares in the last quarter. Huntington National Bank lifted its stake in shares of Camtek by 42.4% in the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Camtek in the third quarter valued at about $53,000. State of Wyoming boosted its stake in shares of Camtek by 146.2% during the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Optimum Investment Advisors grew its holdings in shares of Camtek by 43.3% during the fourth quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company’s stock worth $174,000 after purchasing an additional 650 shares during the last quarter. 41.93% of the stock is owned by institutional investors.

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.