Camtek (NASDAQ:CAMT) Price Target Raised to $95.00

Camtek (NASDAQ:CAMT) had its price objective lifted by B. Riley from $85.00 to $95.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Several other equities research analysts have also recently weighed in on CAMT. Needham & Company LLC cut their target price on Camtek from $110.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday. Bank of America cut their target price on Camtek from $105.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Barclays cut their target price on Camtek from $120.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Evercore ISI cut their target price on Camtek from $100.00 to $82.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Jefferies Financial Group cut their target price on Camtek from $120.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.44.

Camtek Trading Down 0.9%

Shares of NASDAQ:CAMT opened at $65.94 on Wednesday. The company has a market capitalization of $3.01 billion, a P/E ratio of 27.25, a P/E/G ratio of 1.89 and a beta of 1.36. Camtek has a 1 year low of $47.41 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. The business’s 50 day simple moving average is $63.04 and its 200 day simple moving average is $75.38.

Camtek (NASDAQ:CAMT) last released its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. On average, research analysts anticipate that Camtek will post 2.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Huntington National Bank lifted its stake in shares of Camtek by 42.4% in the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 123 shares during the last quarter. Cetera Investment Advisers raised its position in Camtek by 3.3% during the 4th quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company’s stock worth $427,000 after purchasing an additional 171 shares during the last quarter. Prentiss Smith & Co. Inc. raised its position in Camtek by 10.8% during the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company’s stock worth $225,000 after purchasing an additional 272 shares during the last quarter. Advisors Asset Management Inc. raised its position in Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 293 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Camtek by 364.0% during the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 324 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors.

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.