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

Camtek (NASDAQ:CAMT) had its target price lowered by Barclays from $140.00 to $120.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. Barclays‘s target price points to a potential upside of 21.29% from the company’s current price.

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

Camtek Stock Performance

Camtek stock opened at $98.94 on Friday. Camtek has a fifty-two week low of $69.83 and a fifty-two week high of $140.50. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 45.59, a PEG ratio of 1.41 and a beta of 1.33. The stock has a fifty day moving average of $80.12 and a two-hundred day moving average of $88.27. 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 posted its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. On average, analysts anticipate that Camtek will post 2.53 EPS for the current fiscal year.

Institutional Trading of Camtek

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. lifted its position in Camtek by 78.8% during the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 145 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Camtek by 23,300.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 466 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Camtek during the 3rd quarter valued at $53,000. Gateway Wealth Partners LLC purchased a new stake in Camtek during the 2nd quarter worth $220,000. Finally, Susquehanna International Group Ltd. acquired a new stake in Camtek in the 2nd quarter valued at $237,000. Institutional investors and hedge funds 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.