Camtek (NASDAQ:CAMT – Get Free Report) 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
Camtek (NASDAQ:CAMT – Get Free Report) 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.
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.
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