Camtek (NASDAQ:CAMT) Rating Increased to Buy at Bank of America

Key Points

• Bank of America upgraded Camtek's rating from "neutral" to "buy," setting a price target of $135.00, indicating a potential upside of 22.67% from the current stock price.
• Camtek reported earnings of $0.79 per share for the last quarter, meeting analysts' expectations, with a revenue increase of 20.2% year-over-year.
• Currently, nine investment analysts rate Camtek as a Buy, while three rate it as a Hold, reflecting a consensus rating of "Moderate Buy."

Camtek (NASDAQ:CAMT - Get Free Report) was upgraded by Bank of America from a "neutral" rating to a "buy" rating in a research note issued on Monday,Finviz reports. The firm presently has a $135.00 price target on the semiconductor company's stock. Bank of America's target price would indicate a potential upside of 22.67% from the stock's current price.

CAMT has been the subject of a number of other research reports. Cantor Fitzgerald set a $80.00 price objective on shares of Camtek and gave the company a "neutral" rating in a research note on Tuesday, June 24th. Oppenheimer assumed coverage on shares of Camtek in a research note on Wednesday, July 2nd. They issued an "outperform" rating and a $100.00 price objective for the company. Needham & Company LLC upped their price objective on shares of Camtek from $80.00 to $98.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Stifel Nicolaus set a $115.00 price objective on shares of Camtek in a research note on Monday. Finally, B. Riley upped their price objective on shares of Camtek from $120.00 to $145.00 and gave the company a "buy" rating in a research note on Friday. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $110.30.

Camtek Stock Performance

Camtek stock opened at $110.05 on Monday. The firm's 50 day simple moving average is $92.31 and its 200 day simple moving average is $79.99. The company has a current ratio of 5.41, a quick ratio of 4.38 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $5.02 billion, a PE ratio of 40.31, a price-to-earnings-growth ratio of 2.86 and a beta of 1.39. Camtek has a 1-year low of $47.41 and a 1-year high of $119.26.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor company reported $0.79 earnings per share for the quarter, hitting analysts' consensus estimates of $0.79. The business had revenue of $123.32 million for the quarter, compared to analyst estimates of $121.57 million. Camtek had a net margin of 28.36% and a return on equity of 23.95%. Camtek's revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 EPS. Camtek has set its Q3 2025 guidance at EPS. As a group, analysts expect that Camtek will post 2.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP lifted its position in shares of Camtek by 18.6% in the 2nd quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company's stock worth $296,529,000 after purchasing an additional 550,072 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Camtek by 0.4% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,142,171 shares of the semiconductor company's stock worth $182,976,000 after purchasing an additional 7,500 shares during the period. Menora Mivtachim Holdings LTD. lifted its position in shares of Camtek by 2.2% in the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 1,601,433 shares of the semiconductor company's stock worth $135,417,000 after purchasing an additional 35,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Camtek by 27.6% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,448,441 shares of the semiconductor company's stock worth $84,922,000 after purchasing an additional 312,988 shares during the period. Finally, Brown Capital Management LLC lifted its position in shares of Camtek by 3.5% in the 2nd quarter. Brown Capital Management LLC now owns 1,140,137 shares of the semiconductor company's stock worth $96,410,000 after purchasing an additional 38,485 shares during the period. 41.93% of the stock is owned by hedge funds and other institutional investors.

About Camtek

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.

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