Camtek (NASDAQ:CAMT) Price Target Cut to $85.00 by Analysts at Barclays

Camtek (NASDAQ:CAMT) had its price target cut by Barclays from $120.00 to $85.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the semiconductor company’s stock.

Several other brokerages have also recently issued reports on CAMT. Bank of America reduced their price objective on Camtek from $105.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. StockNews.com cut Camtek from a “hold” rating to a “sell” rating in a research note on Monday, April 14th. Northland Securities upped their target price on shares of Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Cantor Fitzgerald began coverage on shares of Camtek in a research note on Monday, January 13th. They issued a “neutral” rating and a $100.00 price target for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $110.00 price target on shares of Camtek in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.13.

Camtek Trading Up 2.7 %

Shares of NASDAQ CAMT opened at $60.19 on Tuesday. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $2.74 billion, a PE ratio of 24.87, a PEG ratio of 1.89 and a beta of 1.42. Camtek has a twelve month low of $47.41 and a twelve month high of $140.50. The stock has a fifty day simple moving average of $65.98 and a 200-day simple moving average of $77.13.

Camtek (NASDAQ:CAMT) last announced its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS 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%. On average, equities analysts forecast that Camtek will post 2.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CAMT. Stifel Financial Corp lifted its position in Camtek by 77.3% in the third quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company’s stock valued at $252,000 after acquiring an additional 1,374 shares during the last quarter. Virtu Financial LLC lifted its holdings in shares of Camtek by 104.7% in the 3rd quarter. Virtu Financial LLC now owns 8,302 shares of the semiconductor company’s stock valued at $663,000 after purchasing an additional 4,247 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Camtek in the 3rd quarter valued at about $53,000. Tidal Investments LLC grew its stake in Camtek by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 20,914 shares of the semiconductor company’s stock worth $1,670,000 after buying an additional 914 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in Camtek by 9.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company’s stock worth $77,852,000 after buying an additional 81,709 shares during the period. 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.