Oppenheimer Begins Coverage on Camtek (NASDAQ:CAMT)

Oppenheimer began coverage on shares of Camtek (NASDAQ:CAMT - Free Report) in a report published on Wednesday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $100.00 price target on the semiconductor company's stock.

CAMT has been the subject of a number of other research reports. B. Riley raised their price objective on shares of Camtek from $85.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Cantor Fitzgerald set a $80.00 price target on Camtek and gave the company a "neutral" rating in a report on Tuesday, June 24th. Northland Securities set a $105.00 price target on Camtek in a research note on Wednesday, May 14th. Wall Street Zen upgraded Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Jefferies Financial Group reduced their target price on Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a report on Friday, March 28th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Camtek presently has an average rating of "Moderate Buy" and a consensus target price of $89.70.

Camtek Stock Performance

Shares of CAMT stock traded up $5.48 during trading hours on Wednesday, hitting $87.52. The stock had a trading volume of 807,483 shares, compared to its average volume of 556,378. 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 firm has a market capitalization of $3.99 billion, a PE ratio of 33.53, a PEG ratio of 2.29 and a beta of 1.34. The stock's 50 day moving average is $70.72 and its 200 day moving average is $74.67. Camtek has a twelve month low of $47.41 and a twelve month high of $140.50.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. Camtek had a return on equity of 24.57% and a net margin of 28.40%. The firm had revenue of $118.64 million during the quarter, compared to the consensus estimate of $119.00 million. During the same period in the prior year, the business earned $0.63 EPS. The firm's revenue was up 22.3% compared to the same quarter last year. As a group, research analysts forecast that Camtek will post 2.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in Camtek during the 4th quarter valued at about $209,000. Bank of New York Mellon Corp lifted its holdings in shares of Camtek by 44.0% in 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 purchasing an additional 17,637 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Camtek by 364.0% in the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 324 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Camtek during the 4th quarter worth approximately $4,334,000. Finally, Amundi raised its position in shares of Camtek by 21.4% during 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 last quarter. Institutional investors and hedge funds 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.