B. Riley Lowers Camtek (NASDAQ:CAMT) Price Target to $140.00

Camtek (NASDAQ:CAMT) had its target price reduced by B. Riley from $150.00 to $140.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. B. Riley’s price target points to a potential upside of 63.84% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Needham & Company LLC reissued a “buy” rating and issued a $140.00 target price on shares of Camtek in a research note on Friday. Jefferies Financial Group started coverage on Camtek in a report on Monday, May 13th. They set a “buy” rating and a $120.00 price target for the company. Northland Securities lowered Camtek from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 16th. Evercore ISI assumed coverage on Camtek in a report on Tuesday, April 16th. They set an “outperform” rating and a $100.00 target price on the stock. Finally, Northland Capmk downgraded Camtek from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $111.29.

Camtek Stock Down 7.1 %

Shares of NASDAQ CAMT traded down $6.57 during midday trading on Friday, reaching $85.45. The company’s stock had a trading volume of 616,758 shares, compared to its average volume of 509,765. The stock has a 50 day simple moving average of $115.22 and a 200-day simple moving average of $93.73. The company has a current ratio of 3.66, a quick ratio of 3.08 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 48.28, a PEG ratio of 2.26 and a beta of 1.42. Camtek has a fifty-two week low of $44.08 and a fifty-two week high of $140.50.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.07. Camtek had a return on equity of 20.94% and a net margin of 25.35%. The company had revenue of $97.01 million during the quarter, compared to analysts’ expectations of $93.75 million. Equities research analysts predict that Camtek will post 2.35 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Clal Insurance Enterprises Holdings Ltd lifted its stake in Camtek by 6.0% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,131,671 shares of the semiconductor company’s stock valued at $78,523,000 after purchasing an additional 64,484 shares during the last quarter. Vanguard Group Inc. grew its position in Camtek by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 937,408 shares of the semiconductor company’s stock worth $58,363,000 after acquiring an additional 33,820 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Camtek by 5.7% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 882,165 shares of the semiconductor company’s stock worth $73,899,000 after purchasing an additional 47,900 shares in the last quarter. Federated Hermes Inc. raised its position in Camtek by 9.7% in the fourth quarter. Federated Hermes Inc. now owns 762,649 shares of the semiconductor company’s stock valued at $52,913,000 after purchasing an additional 67,649 shares during the last quarter. Finally, Hood River Capital Management LLC grew its holdings in shares of Camtek by 1.9% during the first quarter. Hood River Capital Management LLC now owns 691,780 shares of the semiconductor company’s stock worth $57,950,000 after purchasing an additional 13,094 shares during the last quarter. Institutional investors own 41.93% of the company’s stock.

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.