Cantor Fitzgerald Raises Camtek (NASDAQ:CAMT) Price Target to $80.00

Camtek (NASDAQ:CAMT) had its price target increased by stock analysts at Cantor Fitzgerald from $70.00 to $80.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 6.88% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on CAMT. B. Riley upped their price objective on Camtek from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Wall Street Zen upgraded Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, May 21st. Evercore ISI lowered their price target on Camtek from $100.00 to $82.00 and set an “outperform” rating for the company in a research report on Wednesday, May 14th. Northland Securities set a $105.00 target price on shares of Camtek in a research note on Wednesday, May 14th. Finally, Bank of America lowered their target price on shares of Camtek from $105.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.56.

Camtek Price Performance

CAMT stock opened at $74.85 on Tuesday. Camtek has a 52 week low of $47.41 and a 52 week high of $140.50. The company has a quick ratio of 4.27, a current ratio of 5.28 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $67.90 and a two-hundred day simple moving average of $74.32. The firm has a market capitalization of $3.41 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 2.01 and a beta of 1.29.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. Camtek had a net margin of 28.40% and a return on equity of 24.57%. The firm had revenue of $118.64 million for the quarter, compared to analysts’ expectations of $119.00 million. During the same period in the prior year, the company earned $0.63 EPS. The business’s revenue was up 22.3% compared to the same quarter last year. Analysts anticipate 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 the business. Huntington National Bank increased its stake in Camtek by 42.4% in the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock worth $33,000 after buying an additional 123 shares during the period. Cetera Investment Advisers boosted its position in Camtek by 3.3% in the 4th quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company’s stock valued at $427,000 after buying an additional 171 shares during the period. Advisors Asset Management Inc. grew its stake in Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 293 shares in the last quarter. Jones Financial Companies Lllp increased its position 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 worth $33,000 after acquiring an additional 324 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Camtek by 9.0% during the first quarter. Blue Trust Inc. now owns 4,237 shares of the semiconductor company’s stock worth $248,000 after acquiring an additional 351 shares during the period. 41.93% of the stock is currently owned by institutional investors.

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.