Camtek (NASDAQ:CAMT) Price Target Raised to $100.00

Key Points

• Evercore ISI has raised its price target for Camtek (NASDAQ:CAMT) to $100.00, suggesting a potential upside of 20.01% from the current price, while maintaining an "outperform" rating.
• Other analysts have also increased their price targets for Camtek, with B. Riley setting a target of $95.00 and Stifel Nicolaus at $98.00, contributing to an average price target of $94.60 across the market.
• Camtek reported a 20.2% increase in quarterly revenue year-over-year, reaching $123.32 million, with an earnings per share (EPS) of $0.79 for the quarter.

Camtek (NASDAQ:CAMT - Get Free Report) had its price target hoisted by research analysts at Evercore ISI from $82.00 to $100.00 in a report released on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the semiconductor company's stock. Evercore ISI's target price indicates a potential upside of 20.28% from the company's current price.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group boosted their price target on shares of Camtek from $85.00 to $105.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. 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. Northland Securities set a $105.00 target price on Camtek in a research report on Wednesday, May 14th. B. Riley upped their price target on Camtek from $85.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, Barclays lowered their price objective on Camtek from $120.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $96.10.

Camtek Price Performance

Shares of Camtek stock traded up $1.53 during trading on Wednesday, reaching $83.14. 279,494 shares of the company's stock were exchanged, compared to its average volume of 441,885. The company has a market cap of $3.79 billion, a P/E ratio of 30.45, a PEG ratio of 2.14 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a quick ratio of 4.27 and a current ratio of 5.41. Camtek has a 1-year low of $47.41 and a 1-year high of $110.73. The firm's 50-day moving average price is $84.58 and its 200 day moving average price is $75.31.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.79. Camtek had a return on equity of 23.95% and a net margin of 28.36%. The company had revenue of $123.32 million during the quarter, compared to the consensus estimate of $121.57 million. During the same period last year, the company earned $0.66 earnings per share. The firm's revenue was up 20.2% compared to the same quarter last year. As a group, research analysts anticipate that Camtek will post 2.93 earnings per share for the current year.

Hedge Funds Weigh In On Camtek

Several hedge funds and other institutional investors have recently modified their holdings of CAMT. Caitong International Asset Management Co. Ltd purchased a new position in shares of Camtek during the first quarter valued at approximately $31,000. Advisors Asset Management Inc. raised its stake in Camtek by 61.6% in the first 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. Optimum Investment Advisors lifted its holdings in Camtek by 60.0% in the second quarter. Optimum Investment Advisors now owns 1,200 shares of the semiconductor company's stock worth $101,000 after buying an additional 450 shares during the period. State of Wyoming boosted its position in Camtek by 146.2% during the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company's stock valued at $163,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Petrus Trust Company LTA raised its holdings in Camtek by 12.9% in the first quarter. Petrus Trust Company LTA now owns 3,706 shares of the semiconductor company's stock worth $217,000 after purchasing an additional 422 shares in 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.