Camtek (NASDAQ:CAMT) Now Covered by Oppenheimer

Investment analysts at Oppenheimer started coverage on shares of Camtek (NASDAQ:CAMT) in a research note issued on Wednesday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $100.00 price target on the semiconductor company’s stock. Oppenheimer’s price objective indicates a potential upside of 8.39% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Barclays decreased their price objective on Camtek from $120.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Cantor Fitzgerald set a $80.00 price target on Camtek and gave the company a “neutral” rating in a research note on Tuesday, June 24th. Evercore ISI dropped their price objective on Camtek from $100.00 to $82.00 and set an “outperform” rating for the company in a research note on Wednesday, May 14th. Northland Securities set a $105.00 target price on shares of Camtek in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group lowered their target price on shares of Camtek from $120.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Camtek presently has a consensus rating of “Moderate Buy” and an average price target of $89.70.

Camtek Trading Up 5.4%

Shares of Camtek stock opened at $92.26 on Wednesday. Camtek has a 52-week low of $47.41 and a 52-week high of $140.50. The firm has a market capitalization of $4.21 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 2.38 and a beta of 1.34. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.28 and a quick ratio of 4.27. The company’s fifty day moving average price is $71.69 and its two-hundred day moving average price is $74.86.

Camtek (NASDAQ:CAMT) last issued its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. The business had revenue of $118.64 million for the quarter, compared to analyst estimates of $119.00 million. Camtek had a net margin of 28.40% and a return on equity of 24.57%. The firm’s revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 EPS. On average, analysts expect that Camtek will post 2.93 EPS for the current year.

Institutional Trading of Camtek

Several large investors have recently made changes to their positions in CAMT. Royal Bank of Canada raised its holdings in shares of Camtek by 25.4% in the fourth quarter. Royal Bank of Canada now owns 206,927 shares of the semiconductor company’s stock valued at $16,714,000 after buying an additional 41,865 shares during the last quarter. HighTower Advisors LLC increased its position in Camtek by 75.6% in the 4th quarter. HighTower Advisors LLC now owns 9,926 shares of the semiconductor company’s stock valued at $802,000 after acquiring an additional 4,272 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Camtek in the 1st quarter valued at about $1,101,000. Swiss National Bank increased its position in Camtek by 2.4% in the 4th quarter. Swiss National Bank now owns 59,008 shares of the semiconductor company’s stock valued at $4,813,000 after acquiring an additional 1,369 shares in the last quarter. Finally, Amundi raised its stake in shares of Camtek by 21.4% in the fourth quarter. Amundi now owns 4,791 shares of the semiconductor company’s stock worth $387,000 after acquiring an additional 845 shares during the last quarter. Institutional investors own 41.93% of the company’s stock.

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.