Stifel Nicolaus Reiterates Buy Rating for Camtek (NASDAQ:CAMT)

Camtek (NASDAQ:CAMT)‘s stock had its “buy” rating reaffirmed by Stifel Nicolaus in a note issued to investors on Thursday,Benzinga reports. They currently have a $105.00 price objective on the semiconductor company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 40.24% from the company’s previous close.

Several other brokerages have also recently commented on CAMT. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Needham & Company LLC restated a “buy” rating and issued a $95.00 price target on shares of Camtek in a research report on Wednesday, November 13th. Finally, Northland Securities increased their price objective on shares of Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Camtek currently has a consensus rating of “Buy” and an average target price of $109.88.

Camtek Price Performance

CAMT stock opened at $74.87 on Thursday. The company has a market capitalization of $3.40 billion, a P/E ratio of 34.50, a PEG ratio of 1.36 and a beta of 1.34. The company has a fifty day moving average price of $77.80 and a 200-day moving average price of $92.85. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28. Camtek has a 52-week low of $60.90 and a 52-week high of $140.50.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. Camtek’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share. As a group, equities analysts expect that Camtek will post 2.53 EPS for the current year.

Institutional Trading of Camtek

Several institutional investors have recently modified their holdings of CAMT. Clal Insurance Enterprises Holdings Ltd lifted its stake in Camtek by 21.5% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock valued at $121,734,000 after buying an additional 268,258 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Camtek by 7.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock worth $68,388,000 after acquiring an additional 60,088 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of Camtek by 107.5% in the third quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock worth $57,548,000 after acquiring an additional 373,400 shares during the last quarter. Y.D. More Investments Ltd increased its position in shares of Camtek by 723.7% during the second quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock worth $78,709,000 after purchasing an additional 550,854 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Camtek by 16.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 486,606 shares of the semiconductor company’s stock valued at $38,855,000 after purchasing an additional 67,250 shares during the last quarter. Institutional investors and hedge funds 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.