Bank of America Cuts Camtek (NASDAQ:CAMT) Price Target to $80.00

Camtek (NASDAQ:CAMT) had its price objective lowered by equities research analysts at Bank of America from $105.00 to $80.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Bank of America‘s price target suggests a potential upside of 32.52% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Barclays lowered their target price on Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Camtek in a research note on Thursday, February 13th. StockNews.com downgraded shares of Camtek from a “hold” rating to a “sell” rating in a research report on Monday. Cantor Fitzgerald assumed coverage on shares of Camtek in a report on Monday, January 13th. They issued a “neutral” rating and a $100.00 target price on the stock. Finally, Northland Securities lifted their price target on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Camtek currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.50.

Camtek Trading Up 4.2 %

NASDAQ:CAMT opened at $60.37 on Wednesday. Camtek has a 12 month low of $47.41 and a 12 month high of $140.50. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 1.89 and a beta of 1.42. The firm has a fifty day simple moving average of $68.22 and a two-hundred day simple moving average of $77.66.

Camtek (NASDAQ:CAMT) last issued its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. Analysts expect that Camtek will post 2.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Camtek

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp grew its holdings in shares of Camtek by 77.3% in the third quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company’s stock valued at $252,000 after acquiring an additional 1,374 shares in the last quarter. Virtu Financial LLC grew its stake in Camtek by 104.7% in the 3rd quarter. Virtu Financial LLC now owns 8,302 shares of the semiconductor company’s stock valued at $663,000 after purchasing an additional 4,247 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Camtek during the 3rd quarter valued at $53,000. Tidal Investments LLC raised its stake in shares of Camtek by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 20,914 shares of the semiconductor company’s stock worth $1,670,000 after purchasing an additional 914 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Camtek by 9.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company’s stock worth $77,852,000 after buying an additional 81,709 shares during the last quarter. Hedge funds and other 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.