Barclays Issues Pessimistic Forecast for Camtek (NASDAQ:CAMT) Stock Price

Camtek (NASDAQ:CAMT) had its price target lowered by analysts at Barclays from $140.00 to $120.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor company’s stock. Barclays‘s price target suggests a potential upside of 15.81% from the company’s previous close.

Several other equities research analysts have also weighed in on the stock. StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Stifel Nicolaus restated a “buy” rating and set a $105.00 price objective on shares of Camtek in a research note on Thursday, December 12th. Needham & Company LLC reissued a “buy” rating and set a $95.00 price target on shares of Camtek in a report on Wednesday, November 13th. Cantor Fitzgerald began coverage on shares of Camtek in a research report on Monday, January 13th. They issued a “neutral” rating and a $100.00 price objective on the stock. Finally, Northland Securities upped their target price on shares of Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Camtek presently has an average rating of “Moderate Buy” and an average price target of $112.44.

Camtek Trading Up 4.7 %

CAMT opened at $103.62 on Friday. The stock has a market capitalization of $4.70 billion, a PE ratio of 47.75, a P/E/G ratio of 1.41 and a beta of 1.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36. Camtek has a 12-month low of $69.83 and a 12-month high of $140.50. The firm’s fifty day moving average price is $80.58 and its 200 day moving average price is $87.82.

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

Institutional Trading of Camtek

A number of hedge funds have recently bought and sold shares of the company. Tidal Investments LLC grew its position in 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Camtek during the 3rd quarter valued at $53,000. Virtu Financial LLC raised its holdings in shares of Camtek by 104.7% during the third quarter. Virtu Financial LLC now owns 8,302 shares of the semiconductor company’s stock worth $663,000 after acquiring an additional 4,247 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Camtek during the third quarter valued at $6,481,000. Finally, Y Intercept Hong Kong Ltd increased its position in Camtek by 407.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 9,234 shares of the semiconductor company’s stock worth $737,000 after purchasing an additional 7,414 shares during the last quarter. 41.93% of the stock is owned by hedge funds and other 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.