Stifel Nicolaus Increases Camtek (NASDAQ:CAMT) Price Target to $98.00

Camtek (NASDAQ:CAMT - Get Free Report) had its target price hoisted by Stifel Nicolaus from $84.00 to $98.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price objective would indicate a potential upside of 10.11% from the company's previous close.

Several other equities analysts also recently commented on CAMT. Bank of America dropped their price objective on Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Jefferies Financial Group dropped their price target on Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Barclays decreased their price objective on Camtek from $120.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Evercore ISI reduced their price objective on shares of Camtek from $100.00 to $82.00 and set an "outperform" rating for the company in a research note on Wednesday, May 14th. Finally, Northland Securities set a $105.00 price target on shares of Camtek in a report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Camtek presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.00.

Camtek Stock Up 0.1%

CAMT traded up $0.08 during midday trading on Monday, hitting $89.00. The company had a trading volume of 339,926 shares, compared to its average volume of 557,149. The stock's 50 day moving average price is $72.66 and its 200 day moving average price is $74.89. Camtek has a 52 week low of $47.41 and a 52 week high of $140.50. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 2.41 and a beta of 1.34. The company has a quick ratio of 4.27, a current ratio of 5.28 and a debt-to-equity ratio of 0.34.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The company 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 EPS. On average, research analysts anticipate that Camtek will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Camtek

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Camtek in the first quarter worth approximately $31,000. Jones Financial Companies Lllp boosted its stake in Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock valued at $33,000 after buying an additional 324 shares during the last quarter. Huntington National Bank boosted its position in shares of Camtek by 42.4% during 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. Advisors Asset Management Inc. grew its stake in shares of Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company's stock worth $45,000 after buying an additional 293 shares in the last quarter. Finally, State of Wyoming boosted its holdings in shares of Camtek by 146.2% in the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company's stock worth $163,000 after purchasing an additional 1,200 shares during the period. Hedge funds and other 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.