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

Camtek (NASDAQ:CAMT) had its price target trimmed by Jefferies Financial Group from $120.00 to $85.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Other research analysts have also recently issued research reports about the company. Cantor Fitzgerald assumed coverage on Camtek in a research note on Monday, January 13th. They issued a “neutral” rating and a $100.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and set a $105.00 price objective on shares of Camtek in a research report on Thursday, December 12th. Northland Securities boosted their target price on shares of Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Barclays decreased their price target on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $110.00 price objective on shares of Camtek in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Camtek presently has a consensus rating of “Moderate Buy” and an average target price of $110.22.

Camtek Stock Performance

NASDAQ:CAMT opened at $59.00 on Friday. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. The firm’s fifty day simple moving average is $79.31 and its 200 day simple moving average is $79.76. The stock has a market cap of $2.69 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38. Camtek has a twelve month low of $57.71 and a twelve month high of $140.50.

Camtek (NASDAQ:CAMT) last announced its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. As a group, research analysts predict that Camtek will post 2.93 EPS for the current year.

Hedge Funds Weigh In On Camtek

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CAMT. Wasatch Advisors LP increased its holdings in shares of Camtek by 311.8% in the 4th quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company’s stock worth $96,341,000 after purchasing an additional 903,126 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its holdings in Camtek by 81.8% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company’s stock worth $126,521,000 after buying an additional 705,000 shares in the last quarter. Meitav Investment House Ltd. raised its position in Camtek by 119.3% in the 4th quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company’s stock worth $66,159,000 after buying an additional 445,079 shares during the last quarter. Driehaus Capital Management LLC bought a new position in Camtek during the 4th quarter valued at about $30,956,000. Finally, Two Sigma Advisers LP boosted its holdings in shares of Camtek by 107.5% during the 3rd quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock valued at $57,548,000 after acquiring an additional 373,400 shares during the last quarter. 41.93% of the stock is owned by institutional investors.

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.