Camtek (NASDAQ:CAMT) Trading 6% Higher – Time to Buy?

Camtek Ltd. (NASDAQ:CAMT) shares shot up 6% during trading on Wednesday . The stock traded as high as $81.68 and last traded at $81.26. 128,304 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 531,582 shares. The stock had previously closed at $76.68.

Wall Street Analyst Weigh In

CAMT has been the subject of several recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $105.00 price objective on shares of Camtek in a research report on Thursday, December 12th. StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Northland Securities boosted 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $95.00 target price on shares of Camtek in a research report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $109.88.

Camtek Trading Up 3.8 %

The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28. The business’s 50-day moving average price is $77.74 and its 200 day moving average price is $92.12. The company has a market cap of $3.84 billion, a P/E ratio of 39.00, a P/E/G ratio of 1.36 and a beta of 1.34.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results 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. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The business had revenue of $112.30 million for the quarter, compared to analysts’ expectations of $108.51 million. During the same quarter in the prior year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. As a group, analysts expect that Camtek Ltd. will post 2.53 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. boosted its holdings in shares of Camtek by 78.8% during the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 145 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Camtek during the third quarter worth approximately $53,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Camtek by 23,300.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 466 shares during the last quarter. Gateway Wealth Partners LLC bought a new stake in Camtek in the 2nd quarter valued at $220,000. Finally, Susquehanna International Group Ltd. acquired a new position in Camtek in the 2nd quarter valued at $237,000. 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.