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

Camtek (NASDAQ:CAMT - Get Free Report) had its price objective decreased by equities research analysts at Jefferies Financial Group from $120.00 to $85.00 in a report released on Friday,Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. Jefferies Financial Group's price objective indicates a potential upside of 43.65% from the stock's previous close.

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

Camtek Stock Performance

NASDAQ CAMT traded up $0.54 during trading hours on Friday, reaching $59.17. The stock had a trading volume of 92,301 shares, compared to its average volume of 561,465. The stock has a market cap of $2.70 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38. Camtek has a 52-week low of $56.49 and a 52-week high of $140.50. The stock has a fifty day moving average of $78.41 and a 200 day moving average of $79.64. 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 (NASDAQ:CAMT - Get Free Report) last posted its earnings results 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%. Sell-side analysts predict that Camtek will post 2.93 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. lifted its stake in shares of Camtek by 78.8% in the third 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 grew its holdings in shares of Camtek by 364.0% during the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 324 shares during the period. Huntington National Bank raised its stake in shares of Camtek by 42.4% in the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 123 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Camtek in the 3rd quarter worth $53,000. Finally, State of Wyoming increased its holdings in Camtek by 146.2% in the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company's stock valued at $163,000 after buying an additional 1,200 shares during 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.