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

Camtek (NASDAQ:CAMT) had its price target dropped by investment analysts at Jefferies Financial Group from $120.00 to $85.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 44.07% from the company’s current price.

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

Camtek Trading Down 6.3 %

CAMT opened at $59.00 on Friday. Camtek has a 52 week low of $57.71 and a 52 week high of $140.50. The company has a market capitalization of $2.69 billion, a P/E ratio of 24.38, a PEG ratio of 1.89 and a beta of 1.38. The stock’s fifty day moving average is $79.31 and its two-hundred day moving average is $79.78. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share 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 forecast that Camtek will post 2.93 earnings per share for the current year.

Institutional Investors Weigh In On Camtek

A number of large investors have recently bought and sold shares of CAMT. Advisors Asset Management Inc. lifted its stake in Camtek by 78.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 145 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 324 shares during the last quarter. Huntington National Bank lifted its position in Camtek by 42.4% during the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Camtek in the third quarter valued at $53,000. Finally, State of Wyoming grew its position in Camtek by 146.2% during the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 1,200 shares during the period. 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.