Oppenheimer Initiates Coverage on Camtek (NASDAQ:CAMT)

Oppenheimer assumed coverage on shares of Camtek (NASDAQ:CAMT - Free Report) in a research report released on Wednesday, MarketBeat reports. The firm issued an outperform rating and a $100.00 price objective on the semiconductor company's stock.

Several other analysts have also recently weighed in on CAMT. Barclays dropped their price target 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 lowered their price objective on Camtek from $100.00 to $82.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 14th. Cantor Fitzgerald set a $80.00 target price on shares of Camtek and gave the company a "neutral" rating in a research report on Tuesday, June 24th. Bank of America decreased their price target on shares of Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, Needham & Company LLC lowered their price target on shares of Camtek from $110.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $89.70.

Camtek Stock Up 5.4%

NASDAQ CAMT traded up $4.74 on Wednesday, reaching $92.26. The company had a trading volume of 491,428 shares, compared to its average volume of 558,021. The company's fifty day moving average is $72.21 and its 200-day moving average is $74.92. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 35.35, a price-to-earnings-growth ratio of 2.41 and a beta of 1.34. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.27 and a current ratio of 5.28. Camtek has a 1-year low of $47.41 and a 1-year high of $140.50.

Camtek (NASDAQ:CAMT - Get Free Report) last released its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, topping 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 business had revenue of $118.64 million for the quarter, compared to analyst estimates of $119.00 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. Camtek's revenue was up 22.3% on a year-over-year basis. On average, research analysts forecast that Camtek will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Camtek

Several institutional investors and hedge funds have recently made changes to their positions in CAMT. Jones Financial Companies Lllp boosted its stake in shares of 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 purchasing an additional 324 shares during the period. Huntington National Bank raised its holdings in 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 buying an additional 123 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Camtek during the 1st quarter valued at $31,000. Advisors Asset Management Inc. boosted its position in Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company's stock valued at $45,000 after buying an additional 293 shares during the period. Finally, 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 buying an additional 1,200 shares during the period. Hedge funds and other institutional investors own 41.93% of the company's stock.

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.