Jefferies Financial Group Cuts Camtek (NASDAQ:CAMT) Price Target to $85.00

Camtek (NASDAQ:CAMT) had its price objective cut by Jefferies Financial Group from $120.00 to $85.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other brokerages have also recently issued reports on CAMT. Cantor Fitzgerald assumed coverage on shares of Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 target price for the company. Northland Securities lifted their price objective on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Camtek in a report on Thursday, February 13th. Stifel Nicolaus reissued a “buy” rating and set a $105.00 price target on shares of Camtek in a research report on Thursday, December 12th. Finally, Barclays reduced their price objective on Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Camtek has a consensus rating of “Moderate Buy” and an average price target of $110.22.

Camtek Stock Performance

NASDAQ CAMT opened at $59.00 on Friday. The business has a 50 day moving average price of $79.31 and a 200 day moving average price of $79.78. The company has a market capitalization of $2.69 billion, a P/E ratio of 24.38, a PEG ratio of 1.89 and a beta of 1.38. Camtek has a 1-year low of $57.71 and a 1-year high of $140.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. Sell-side analysts expect that Camtek will post 2.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Camtek

Several institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. boosted its stake in Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after buying an additional 145 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Camtek by 364.0% during the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 324 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Camtek by 42.4% during the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 123 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Camtek in the third quarter worth approximately $53,000. Finally, State of Wyoming grew its holdings in Camtek by 146.2% in the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 1,200 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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.