Camtek (NASDAQ:CAMT) PT Lowered to $140.00

Camtek (NASDAQ:CAMT) had its price objective cut by equities research analysts at B. Riley from $150.00 to $140.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. B. Riley’s target price would indicate a potential upside of 66.49% from the company’s previous close.

Several other equities analysts have also issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Camtek in a report on Monday, May 13th. They set a “buy” rating and a $120.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $140.00 target price on shares of Camtek in a report on Friday. Bank of America boosted their price objective on shares of Camtek from $98.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Barclays boosted their price objective on shares of Camtek from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Finally, Evercore ISI started coverage on shares of Camtek in a report on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 price objective for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Camtek has a consensus rating of “Moderate Buy” and a consensus price target of $111.29.

Camtek Stock Performance

Shares of CAMT opened at $84.09 on Friday. The company has a 50-day simple moving average of $114.78 and a two-hundred day simple moving average of $93.82. Camtek has a one year low of $44.08 and a one year high of $140.50. The firm has a market capitalization of $3.78 billion, a PE ratio of 47.51, a price-to-earnings-growth ratio of 1.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.66 and a quick ratio of 3.08.

Camtek (NASDAQ:CAMT) last released its earnings results on Thursday, May 9th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. Camtek had a net margin of 25.93% and a return on equity of 22.79%. The firm had revenue of $97.01 million during the quarter, compared to analyst estimates of $93.75 million. On average, analysts anticipate that Camtek will post 2.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Camtek

A number of large investors have recently added to or reduced their stakes in CAMT. Lord Abbett & CO. LLC bought a new stake in shares of Camtek during the 1st quarter valued at $55,026,000. Zweig DiMenna Associates LLC bought a new stake in shares of Camtek during the 1st quarter valued at $13,964,000. Quadrature Capital Ltd bought a new stake in shares of Camtek during the 4th quarter valued at $10,704,000. LA Financiere DE L Echiquier grew its position in shares of Camtek by 117.8% during the 4th quarter. LA Financiere DE L Echiquier now owns 261,400 shares of the semiconductor company’s stock valued at $18,136,000 after acquiring an additional 141,400 shares during the period. Finally, Westfield Capital Management Co. LP grew its position in shares of Camtek by 46.6% during the 4th quarter. Westfield Capital Management Co. LP now owns 284,845 shares of the semiconductor company’s stock valued at $19,763,000 after acquiring an additional 90,608 shares during the period. Institutional investors 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.