Camtek (NASDAQ:CAMT) PT Raised to $55.00 at Barclays

Camtek (NASDAQ:CAMT) had its price objective boosted by stock analysts at Barclays from $46.00 to $55.00 in a note issued to investors on Tuesday, FlyOnTheWall reports. Barclays‘s price target would suggest a potential downside of 3.05% from the stock’s current price.

CAMT has been the topic of several other research reports. Jefferies Financial Group raised their price objective on Camtek from $35.00 to $50.00 in a research note on Friday, July 14th. Bank of America boosted their price objective on Camtek from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Stifel Nicolaus raised their target price on shares of Camtek from $52.00 to $62.00 in a report on Tuesday, August 29th. StockNews.com assumed coverage on shares of Camtek in a report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $64.00 price objective (up from $56.00) on shares of Camtek in a report on Thursday, August 31st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Camtek presently has an average rating of “Moderate Buy” and an average price target of $56.00.

Camtek Price Performance

Shares of CAMT opened at $56.73 on Tuesday. The stock has a market cap of $2.53 billion, a P/E ratio of 35.02, a price-to-earnings-growth ratio of 3.03 and a beta of 1.44. Camtek has a 1 year low of $20.83 and a 1 year high of $61.48. The stock’s 50-day moving average price is $49.44 and its two-hundred day moving average price is $36.03. The company has a current ratio of 7.64, a quick ratio of 6.84 and a debt-to-equity ratio of 0.46.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Monday, July 31st. The semiconductor company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. The business had revenue of $73.60 million for the quarter, compared to analyst estimates of $72.33 million. Camtek had a net margin of 25.19% and a return on equity of 19.85%. Camtek’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 EPS. On average, equities analysts predict that Camtek will post 1.61 earnings per share for the current year.

Institutional Trading of Camtek

A number of institutional investors have recently made changes to their positions in CAMT. Harel Insurance Investments & Financial Services Ltd. increased its stake in Camtek by 24.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 766,163 shares of the semiconductor company’s stock valued at $27,298,000 after buying an additional 151,741 shares during the last quarter. Phoenix Holdings Ltd. raised its holdings in Camtek by 77.6% during the fourth quarter. Phoenix Holdings Ltd. now owns 702,956 shares of the semiconductor company’s stock worth $15,322,000 after acquiring an additional 307,040 shares in the last quarter. Invesco Ltd. boosted its position in Camtek by 7.8% during the first quarter. Invesco Ltd. now owns 610,164 shares of the semiconductor company’s stock valued at $18,585,000 after purchasing an additional 44,158 shares during the last quarter. Wasatch Advisors LP grew its stake in Camtek by 4.5% in the second quarter. Wasatch Advisors LP now owns 514,805 shares of the semiconductor company’s stock valued at $18,343,000 after purchasing an additional 21,939 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Camtek by 104.3% during the 4th quarter. Millennium Management LLC now owns 397,423 shares of the semiconductor company’s stock worth $8,727,000 after purchasing an additional 202,935 shares during the last quarter. Institutional investors own 30.02% of the company’s stock.

About Camtek

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry.