Camtek (NASDAQ:CAMT) Price Target Raised to $55.00 at Northland Securities

Posted by on Aug 2nd, 2023

Camtek (NASDAQ:CAMT – Free Report) had its price objective increased by Northland Securities from $37.00 to $55.00 in a report published on Tuesday, FlyOnTheWall reports.

Other research analysts have also issued research reports about the company. Barclays raised their price objective on Camtek from $40.00 to $46.00 and gave the company an equal weight rating in a research report on Tuesday. Needham & Company LLC raised their price objective on Camtek from $40.00 to $48.00 in a research report on Friday, July 14th. Jefferies Financial Group lifted their price target on Camtek from $35.00 to $50.00 in a research report on Friday, July 14th. StockNews.com lowered Camtek from a buy rating to a hold rating in a research report on Wednesday, June 28th. Finally, B. Riley lifted their price target on Camtek from $30.00 to $45.00 in a research report on Monday, July 17th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Camtek currently has an average rating of Moderate Buy and a consensus target price of $52.14.

Camtek Trading Down 1.2 %

Shares of CAMT stock opened at $47.05 on Tuesday. Camtek has a 52-week low of $20.83 and a 52-week high of $48.15. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.68 and a current ratio of 7.54. The firm has a market capitalization of $2.10 billion, a PE ratio of 28.69, a PEG ratio of 4.43 and a beta of 1.48. The stock has a fifty day simple moving average of $35.42 and a two-hundred day simple moving average of $29.90.

Camtek (NASDAQ:CAMT – Get Free Report) last issued its quarterly earnings results on Monday, July 31st. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The business had revenue of $73.60 million during the quarter, compared to analyst estimates of $72.33 million. Camtek had a return on equity of 21.22% and a net margin of 24.93%. Camtek’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 EPS. On average, analysts predict that Camtek will post 1.47 EPS for the current fiscal year.

Institutional Trading of Camtek

Several institutional investors have recently added to or reduced their stakes in CAMT. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Camtek by 2,787.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 431,038 shares of the semiconductor company’s stock worth $9,466,000 after purchasing an additional 416,108 shares during the last quarter. Phoenix Holdings Ltd. raised its stake in shares of Camtek by 77.6% during the fourth quarter. Phoenix Holdings Ltd. now owns 702,956 shares of the semiconductor company’s stock valued at $15,322,000 after acquiring an additional 307,040 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Camtek by 104.3% in the fourth quarter. Millennium Management LLC now owns 397,423 shares of the semiconductor company’s stock valued at $8,727,000 after purchasing an additional 202,935 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Camtek in the first quarter valued at approximately $3,901,000. Finally, Sphera Funds Management LTD. boosted its holdings in shares of Camtek by 117.7% in the first quarter. Sphera Funds Management LTD. now owns 239,494 shares of the semiconductor company’s stock valued at $6,790,000 after purchasing an additional 129,494 shares during the period. Institutional investors own 31.50% of the company’s stock.

About Camtek

(Get Free Report)

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry.

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