Camtek (NASDAQ:CAMT) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Camtek (NASDAQ:CAMT - Get Free Report) had its price objective raised by stock analysts at Stifel Nicolaus from $84.00 to $98.00 in a report released on Monday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price objective indicates a potential upside of 9.06% from the company's current price.

Several other research firms have also commented on CAMT. Wall Street Zen raised shares of Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Jefferies Financial Group cut their price target on Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Barclays reduced their price objective on Camtek from $120.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Needham & Company LLC cut their target price on Camtek from $110.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Finally, Cantor Fitzgerald set a $80.00 price target on Camtek and gave the company a "neutral" rating in a report on Tuesday, June 24th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Camtek currently has an average rating of "Moderate Buy" and an average target price of $89.00.

Camtek Trading Up 1.1%

Shares of NASDAQ:CAMT traded up $0.94 on Monday, hitting $89.86. The company had a trading volume of 77,917 shares, compared to its average volume of 556,142. Camtek has a 1 year low of $47.41 and a 1 year high of $140.50. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 34.43, a P/E/G ratio of 2.41 and a beta of 1.34. The firm's 50-day simple moving average is $72.21 and its two-hundred day simple moving average is $74.85. 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 issued its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The company had revenue of $118.64 million for the quarter, compared to analysts' expectations of $119.00 million. Camtek had a return on equity of 24.57% and a net margin of 28.40%. The firm's revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 earnings per share. Equities analysts anticipate that Camtek will post 2.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camtek

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in Camtek by 44.0% during the fourth quarter. Bank of New York Mellon Corp now owns 57,752 shares of the semiconductor company's stock valued at $4,665,000 after buying an additional 17,637 shares during the last quarter. Jones Financial Companies Lllp grew 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 valued at $33,000 after acquiring an additional 324 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Camtek in the 4th quarter worth $4,334,000. Amundi raised its holdings in Camtek by 21.4% in the 4th quarter. Amundi now owns 4,791 shares of the semiconductor company's stock worth $387,000 after purchasing an additional 845 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Camtek by 19.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,821 shares of the semiconductor company's stock valued at $874,000 after purchasing an additional 1,749 shares in 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.

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