Camtek (NASDAQ:CAMT) Price Target Lowered to $85.00 at Jefferies Financial Group

Camtek (NASDAQ:CAMT) had its price objective reduced by Jefferies Financial Group from $120.00 to $85.00 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

CAMT has been the topic of several other reports. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price objective on shares of Camtek in a research report on Thursday, February 13th. Cantor Fitzgerald started coverage on Camtek in a report on Monday, January 13th. They set a “neutral” rating and a $100.00 target price on the stock. Northland Securities upped their price target on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Stifel Nicolaus reiterated a “buy” rating and set a $105.00 price objective on shares of Camtek in a research note on Thursday, December 12th. Finally, Barclays reduced their target price on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $110.22.

Camtek Stock Down 6.3 %

CAMT opened at $59.00 on Friday. The company has a market cap of $2.69 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. Camtek has a 1 year low of $57.71 and a 1 year high of $140.50. The firm has a 50 day moving average price of $79.31 and a 200 day moving average price of $79.78.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Sell-side analysts expect that Camtek will post 2.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CAMT. Advisors Asset Management Inc. lifted its position in shares of 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. Jones Financial Companies Lllp increased its holdings in Camtek by 364.0% in the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 324 shares during the last quarter. Huntington National Bank raised its stake in Camtek by 42.4% during the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Camtek during the 3rd quarter worth approximately $53,000. Finally, State of Wyoming grew its position in shares of Camtek by 146.2% in the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock worth $163,000 after acquiring an additional 1,200 shares in the last quarter. 41.93% of the stock is 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.