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

Camtek (NASDAQ:CAMT - Get Free Report) had its price objective reduced by research analysts at Barclays from $140.00 to $120.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the semiconductor company's stock. Barclays's target price would indicate a potential upside of 16.72% from the company's previous close.

Several other analysts also recently commented on CAMT. Stifel Nicolaus restated a "buy" rating and set a $105.00 price objective on shares of Camtek in a research report on Thursday, December 12th. Cantor Fitzgerald began coverage on Camtek in a report on Monday. They set a "neutral" rating and a $100.00 price target on the stock. Northland Securities upped their price objective on Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. 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. Finally, StockNews.com upgraded Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $112.44.

Camtek Stock Performance

NASDAQ CAMT traded up $3.87 during trading hours on Friday, hitting $102.81. 596,817 shares of the company's stock traded hands, compared to its average volume of 478,796. Camtek has a 52 week low of $69.83 and a 52 week high of $140.50. The firm has a market capitalization of $4.66 billion, a P/E ratio of 47.33, a P/E/G ratio of 1.41 and a beta of 1.33. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. The business's fifty day moving average price is $80.12 and its two-hundred day moving average price is $88.27.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.06. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The firm had revenue of $112.30 million for the quarter, compared to analysts' expectations of $108.51 million. During the same period in the previous year, the firm earned $0.46 EPS. The business's quarterly revenue was up 39.5% on a year-over-year basis. Equities research analysts predict that Camtek will post 2.53 EPS for the current year.

Institutional Investors Weigh In On Camtek

A number of hedge funds have recently bought and sold shares of CAMT. Advisors Asset Management Inc. increased its holdings in shares of Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company's stock worth $26,000 after buying an additional 145 shares during the last quarter. Van ECK Associates Corp increased its stake in Camtek by 1.6% during the third quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company's stock worth $755,000 after acquiring an additional 148 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position 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 valued at $59,000 after purchasing an additional 466 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Camtek by 14.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,851 shares of the semiconductor company's stock valued at $605,000 after purchasing an additional 613 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Camtek in the 3rd quarter worth approximately $53,000. Hedge funds and other institutional investors 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.