Camtek’s (CAMT) Buy Rating Reiterated at Northland Securities

Northland Securities reissued their buy rating on shares of Camtek (NASDAQ:CAMT) in a research report released on Friday morning, AnalystRatings.com reports. The brokerage currently has a $16.00 price objective on the semiconductor company’s stock.

“We are modeling EPS growth of 28% in CY19 and shares are trading at 12x CY19 and 10x CY20.”,” the firm’s analyst commented.

Other equities research analysts also recently issued research reports about the stock. BidaskClub raised shares of Camtek from a hold rating to a buy rating in a research report on Wednesday, March 20th. ValuEngine raised shares of Camtek from a hold rating to a buy rating in a research report on Wednesday, April 24th. Finally, Zacks Investment Research downgraded shares of Camtek from a buy rating to a hold rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $12.17.

Shares of NASDAQ:CAMT opened at $8.49 on Friday. Camtek has a fifty-two week low of $6.29 and a fifty-two week high of $11.25. The stock has a market cap of $310.27 million, a P/E ratio of 16.33 and a beta of 1.55.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Monday, May 6th. The semiconductor company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. Camtek had a net margin of 16.34% and a return on equity of 21.60%. The business had revenue of $34.00 million during the quarter, compared to the consensus estimate of $34.00 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The company’s revenue for the quarter was up 24.5% compared to the same quarter last year. On average, research analysts expect that Camtek will post 0.64 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in Camtek during the 4th quarter valued at about $104,000. Sigma Planning Corp acquired a new stake in shares of Camtek in the 1st quarter worth approximately $117,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Camtek in the 4th quarter worth approximately $151,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Camtek in the 4th quarter worth approximately $236,000. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in shares of Camtek by 6.7% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 39,035 shares of the semiconductor company’s stock worth $261,000 after acquiring an additional 2,435 shares during the period. 27.17% of the stock is owned by hedge funds and other institutional investors.

Camtek Company Profile

Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.

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