Barclays Has Lowered Expectations for Camtek (NASDAQ:CAMT) Stock Price

Camtek (NASDAQ:CAMT) had its price objective trimmed by Barclays from $140.00 to $120.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the semiconductor company’s stock.

Other equities analysts have also issued research reports about the stock. StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Cantor Fitzgerald assumed coverage on shares of Camtek in a report on Monday, January 13th. They issued a “neutral” rating and a $100.00 price target on the stock. Northland Securities increased their price target on shares of Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Needham & Company LLC reissued a “buy” rating and issued a $95.00 price target on shares of Camtek in a report on Wednesday, November 13th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $112.44.

Camtek Stock Performance

Camtek stock opened at $103.62 on Friday. The firm’s 50 day simple moving average is $80.58 and its 200 day simple moving average is $87.53. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $4.70 billion, a PE ratio of 47.75, a price-to-earnings-growth ratio of 1.41 and a beta of 1.33. Camtek has a 1-year low of $69.83 and a 1-year high of $140.50.

Camtek (NASDAQ:CAMT) last posted its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. Camtek’s revenue was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 EPS. As a group, analysts expect that Camtek will post 2.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

Several institutional investors have recently added to or reduced their stakes in CAMT. Two Sigma Advisers LP boosted its position in 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 buying an additional 373,400 shares during the period. The Manufacturers Life Insurance Company boosted its position in Camtek by 3,005.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 330,716 shares of the semiconductor company’s stock valued at $26,408,000 after buying an additional 320,066 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its position in Camtek by 21.5% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock valued at $121,734,000 after buying an additional 268,258 shares during the period. Fred Alger Management LLC boosted its position in Camtek by 224.8% during the 3rd quarter. Fred Alger Management LLC now owns 217,474 shares of the semiconductor company’s stock valued at $17,365,000 after buying an additional 150,513 shares during the period. Finally, abrdn plc purchased a new stake in Camtek during the 3rd quarter valued at $11,387,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Company Profile

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.