Camtek (NASDAQ:CAMT) Price Target Lowered to $80.00 at Bank of America

Camtek (NASDAQ:CAMT - Free Report) had its price objective cut by Bank of America from $105.00 to $80.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a buy rating on the semiconductor company's stock.

Other equities analysts have also recently issued reports about the company. Cantor Fitzgerald assumed coverage on Camtek in a research report on Monday, January 13th. They set a "neutral" rating and a $100.00 target price for the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $110.00 target price on shares of Camtek in a research note on Thursday, February 13th. Northland Securities boosted their price target 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. Barclays cut their price objective on Camtek from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Finally, StockNews.com cut Camtek from a "hold" rating to a "sell" rating in a report on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $107.50.

Camtek Stock Performance

NASDAQ CAMT traded up $2.42 on Wednesday, hitting $60.37. 334,106 shares of the stock traded hands, compared to its average volume of 572,518. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 1.89 and a beta of 1.42. The business's fifty day moving average is $67.65 and its two-hundred day moving average is $77.53. 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 12 month low of $47.41 and a 12 month high of $140.50.

Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 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%. As a group, equities analysts anticipate that Camtek will post 2.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Camtek

Several institutional investors and hedge funds have recently bought and sold shares of CAMT. Huntington National Bank boosted its stake in shares of 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 purchasing an additional 123 shares during the period. Cetera Investment Advisers raised its holdings in Camtek by 3.3% during the 4th quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company's stock valued at $427,000 after buying an additional 171 shares during the last quarter. Prentiss Smith & Co. Inc. boosted its position in Camtek by 10.8% during the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock valued at $225,000 after buying an additional 272 shares during the period. Jones Financial Companies Lllp grew its holdings in Camtek by 364.0% in the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 324 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Camtek by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 39,117 shares of the semiconductor company's stock valued at $3,159,000 after acquiring an additional 360 shares during the period. 41.93% of the stock is currently 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.