Camtek (NASDAQ:CAMT) PT Lowered to $140.00 at B. Riley

Camtek (NASDAQ:CAMT) had its price objective cut by B. Riley from $150.00 to $140.00 in a research report report published on Friday, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other research analysts have also recently commented on CAMT. Barclays raised their price target on Camtek from $90.00 to $105.00 and gave the stock an overweight rating in a research report on Friday, May 10th. Jefferies Financial Group began coverage on shares of Camtek in a research report on Monday, May 13th. They issued a buy rating and a $120.00 target price for the company. Northland Capmk downgraded shares of Camtek from a strong-buy rating to a hold rating in a report on Thursday, May 16th. Needham & Company LLC reissued a buy rating and issued a $140.00 price objective on shares of Camtek in a research note on Friday. Finally, Bank of America upped their target price on Camtek from $98.00 to $112.00 and gave the stock a buy rating in a research note on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $111.29.

Camtek Price Performance

Shares of CAMT opened at $84.09 on Friday. The company’s 50-day moving average is $114.78 and its 200-day moving average is $93.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.66 and a quick ratio of 3.08. The firm has a market capitalization of $3.78 billion, a PE ratio of 47.51, a PEG ratio of 1.98 and a beta of 1.41. Camtek has a fifty-two week low of $44.08 and a fifty-two week high of $140.50.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The firm had revenue of $97.01 million for the quarter, compared to analyst estimates of $93.75 million. Camtek had a return on equity of 22.79% and a net margin of 25.93%. Equities analysts forecast that Camtek will post 2.35 EPS for the current year.

Institutional Investors Weigh In On Camtek

Hedge funds have recently added to or reduced their stakes in the business. Consolidated Portfolio Review Corp bought a new position in Camtek during the 2nd quarter worth approximately $1,461,000. Lisanti Capital Growth LLC raised its stake in Camtek by 11.2% during the second quarter. Lisanti Capital Growth LLC now owns 46,420 shares of the semiconductor company’s stock worth $5,814,000 after buying an additional 4,660 shares during the last quarter. nVerses Capital LLC bought a new position in Camtek during the second quarter worth $376,000. Van ECK Associates Corp lifted its holdings in Camtek by 9.9% in the second quarter. Van ECK Associates Corp now owns 9,413 shares of the semiconductor company’s stock valued at $1,179,000 after buying an additional 848 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Camtek by 49.1% during the second quarter. Commonwealth Equity Services LLC now owns 5,484 shares of the semiconductor company’s stock valued at $687,000 after acquiring an additional 1,805 shares during the last quarter. 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.