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

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

Other equities analysts also recently issued research reports about the stock. Needham & Company LLC reissued a “buy” rating and set a $95.00 target price on shares of Camtek in a research note on Wednesday, November 13th. Northland Securities lifted 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 started coverage on shares of Camtek in a research note on Monday, January 13th. They set a “neutral” rating and a $100.00 target price for the company. StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 price target on shares of Camtek in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $112.44.

Camtek Price Performance

CAMT stock opened at $103.62 on Friday. The company has a fifty day moving average price of $80.58 and a 200-day moving average price of $87.53. The company has a market capitalization of $4.70 billion, a P/E ratio of 47.75, a PEG ratio of 1.41 and a beta of 1.33. Camtek has a 52-week low of $69.83 and a 52-week high of $140.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The business had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. During the same quarter last year, the firm earned $0.46 earnings per share. Camtek’s quarterly revenue was up 39.5% on a year-over-year basis. As a group, equities analysts expect that Camtek will post 2.53 EPS for the current year.

Institutional Investors Weigh In On Camtek

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. boosted its holdings in Camtek by 78.8% during the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 145 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Camtek during the third quarter worth about $53,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Camtek by 23,300.0% during the second 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 last quarter. Gateway Wealth Partners LLC purchased a new position in Camtek during the second quarter worth about $220,000. Finally, Susquehanna International Group Ltd. purchased a new position in Camtek during the second quarter worth about $237,000. 41.93% of the stock is 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.