Evercore ISI Cuts Camtek (NASDAQ:CAMT) Price Target to $82.00

Camtek (NASDAQ:CAMT) had its price objective cut by Evercore ISI from $100.00 to $82.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the semiconductor company’s stock.

Other research analysts have also issued reports about the stock. Jefferies Financial Group reduced their price target on shares of Camtek from $120.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, March 28th. StockNews.com lowered shares of Camtek from a “hold” rating to a “sell” rating in a research report on Tuesday. Bank of America reduced their price target on shares of Camtek from $105.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Needham & Company LLC reduced their price target on shares of Camtek from $110.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Barclays reduced their price target on shares of Camtek from $120.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.44.

Camtek Trading Down 0.9%

Shares of CAMT stock opened at $65.94 on Wednesday. The company’s fifty day simple moving average is $63.04 and its two-hundred day simple moving average is $75.38. 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 has a 1 year low of $47.41 and a 1 year high of $140.50. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 1.89 and a beta of 1.36.

Camtek (NASDAQ:CAMT) last issued its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (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%. As a group, analysts anticipate that Camtek will post 2.93 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in Camtek by 75.6% in the fourth quarter. HighTower Advisors LLC now owns 9,926 shares of the semiconductor company’s stock valued at $802,000 after acquiring an additional 4,272 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in Camtek by 1.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 25,150 shares of the semiconductor company’s stock valued at $2,031,000 after buying an additional 381 shares during the period. Y.D. More Investments Ltd boosted its position in Camtek by 6.0% during the fourth quarter. Y.D. More Investments Ltd now owns 525,413 shares of the semiconductor company’s stock valued at $42,905,000 after buying an additional 29,580 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted 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 valued at $77,852,000 after buying an additional 81,709 shares during the period. Finally, Swiss National Bank boosted its position in Camtek by 2.4% during the fourth quarter. Swiss National Bank now owns 59,008 shares of the semiconductor company’s stock valued at $4,813,000 after buying an additional 1,369 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.