Camtek (NASDAQ:CAMT) Price Target Lowered to $120.00 at Barclays

Camtek (NASDAQ:CAMT) had its price objective reduced by Barclays from $140.00 to $120.00 in a report released on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the semiconductor company’s stock.

A number of other research firms have also recently weighed in on CAMT. StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Cantor Fitzgerald started coverage on shares of Camtek in a research note on Monday, January 13th. They issued a “neutral” rating and a $100.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and issued a $95.00 price target on shares of Camtek in a report on Wednesday, November 13th. Stifel Nicolaus reissued a “buy” rating and set a $105.00 price target on shares of Camtek in a research note on Thursday, December 12th. Finally, Northland Securities upped their price objective on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $112.44.

Camtek Stock Up 4.7 %

Shares of NASDAQ CAMT opened at $103.62 on Friday. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 47.75, a P/E/G ratio of 1.41 and a beta of 1.33. Camtek has a 12-month low of $69.83 and a 12-month high of $140.50. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average price is $80.58 and its 200-day moving average price is $88.10.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The company’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share. On average, equities research analysts anticipate that Camtek will post 2.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Camtek

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake in Camtek by 78.8% in the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 145 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Camtek by 23,300.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 466 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Camtek during the third quarter valued at approximately $53,000. Gateway Wealth Partners LLC purchased a new position in Camtek during the second quarter valued at approximately $220,000. Finally, Susquehanna International Group Ltd. purchased a new stake in Camtek during the second quarter worth $237,000. Institutional investors own 41.93% of the company’s stock.

Camtek Company Profile

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.