Camtek Ltd. (NASDAQ:CAMT - Get Free Report)'s share price reached a new 52-week low on Thursday . The stock traded as low as $54.19 and last traded at $55.01, with a volume of 71996 shares trading hands. The stock had previously closed at $60.17.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Barclays reduced their price objective on Camtek from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Needham & Company LLC reissued a "buy" rating and set a $110.00 price target on shares of Camtek in a research report on Thursday, February 13th. Northland Securities upped their price objective on shares of Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Jefferies Financial Group reduced their target price on shares of Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, Cantor Fitzgerald assumed coverage on shares of Camtek in a research report on Monday, January 13th. They set a "neutral" rating and a $100.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Camtek has a consensus rating of "Moderate Buy" and an average price target of $110.22.
View Our Latest Report on Camtek
Camtek Stock Performance
The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36. The firm's fifty day moving average is $73.88 and its 200 day moving average is $78.91. The company has a market cap of $2.46 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42.
Camtek (NASDAQ:CAMT - Get Free Report) last released its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS 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%. As a group, research analysts predict that Camtek Ltd. will post 2.93 EPS for the current fiscal year.
Hedge Funds Weigh In On Camtek
Hedge funds and other institutional investors have recently made changes to their positions in the company. Wasatch Advisors LP raised its stake in Camtek by 311.8% in the 4th quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company's stock valued at $96,341,000 after purchasing an additional 903,126 shares during the last quarter. Menora Mivtachim Holdings LTD. grew its holdings in shares of Camtek by 81.8% during the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company's stock worth $126,521,000 after buying an additional 705,000 shares in the last quarter. Meitav Investment House Ltd. raised its position in shares of Camtek by 119.3% in the fourth quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company's stock valued at $66,159,000 after buying an additional 445,079 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Camtek in the fourth quarter valued at about $30,956,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Camtek by 32.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company's stock worth $91,711,000 after buying an additional 279,000 shares in the last quarter. Hedge funds and other institutional investors own 41.93% of the company's stock.
About Camtek
(
Get Free Report)
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.
See Also
Before you consider Camtek, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Camtek wasn't on the list.
While Camtek currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
