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

Camtek (NASDAQ:CAMT) had its price target dropped by research analysts at B. Riley from $150.00 to $140.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. B. Riley’s target price suggests a potential upside of 66.49% from the stock’s current price.

Several other research analysts have also weighed in on the company. Northland Capmk lowered Camtek from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 price target on shares of Camtek in a research report on Friday. Northland Securities lowered Camtek from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 16th. Evercore ISI initiated coverage on Camtek in a research report on Tuesday, April 16th. They set an “outperform” rating and a $100.00 price target on the stock. Finally, Bank of America boosted their price target on Camtek from $98.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.29.

Camtek Trading Down 8.6 %

NASDAQ CAMT opened at $84.09 on Friday. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 47.51, a PEG ratio of 1.98 and a beta of 1.41. The stock’s 50 day moving average price is $114.78 and its two-hundred day moving average price is $93.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.08 and a current ratio of 3.66. Camtek has a 52 week low of $44.08 and a 52 week high of $140.50.

Camtek (NASDAQ:CAMT) last released its earnings results on Thursday, May 9th. The semiconductor company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.50 by $0.07. The firm had revenue of $97.01 million for the quarter, compared to analysts’ expectations of $93.75 million. Camtek had a return on equity of 22.79% and a net margin of 25.93%. As a group, analysts anticipate that Camtek will post 2.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CAMT. Tower Research Capital LLC TRC grew its holdings in Camtek by 574.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 379 shares in the last quarter. USA Financial Formulas grew its holdings in Camtek by 1,436.2% in the 4th quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 675 shares in the last quarter. Headlands Technologies LLC acquired a new position in Camtek in the 1st quarter valued at $50,000. Russell Investments Group Ltd. grew its holdings in Camtek by 524.6% in the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 1,238 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Camtek by 17.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock valued at $158,000 after buying an additional 340 shares in the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

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.