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

Camtek (NASDAQ:CAMT) had its target price reduced by equities researchers at Jefferies Financial Group from $120.00 to $85.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Jefferies Financial Group’s price target points to a potential upside of 34.98% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Northland Securities boosted their price target on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Camtek in a report on Thursday, December 12th. Needham & Company LLC reissued a “buy” rating and set a $110.00 target price on shares of Camtek in a research note on Thursday, February 13th. Cantor Fitzgerald initiated coverage on shares of Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 price target on the stock. Finally, Barclays lowered their price objective on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $110.22.

Camtek Trading Down 2.6 %

NASDAQ:CAMT opened at $62.97 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. The firm has a market capitalization of $2.87 billion, a P/E ratio of 26.02, a P/E/G ratio of 1.89 and a beta of 1.38. Camtek has a 12-month low of $62.13 and a 12-month high of $140.50. The business has a 50 day simple moving average of $80.20 and a 200 day simple moving average of $79.88.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. raised its stake in Camtek by 78.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 145 shares during the period. Jones Financial Companies Lllp increased its stake in Camtek by 364.0% in the 4th 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 period. Huntington National Bank lifted its position in Camtek by 42.4% in the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock worth $33,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Camtek during the 3rd quarter valued at $53,000. Finally, State of Wyoming grew its holdings in shares of Camtek by 146.2% during the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock valued at $163,000 after acquiring an additional 1,200 shares in the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

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.