Barclays Increases Camtek (NASDAQ:CAMT) Price Target to $46.00

Camtek (NASDAQ:CAMT – Get Free Report) had its price target raised by equities researchers at Barclays from $40.00 to $46.00 in a research note issued on Tuesday, FlyOnTheWall reports. Barclays‘s price target points to a potential downside of 3.38% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. B. Riley upped their price target on Camtek from $30.00 to $45.00 in a report on Monday, July 17th. Bank of America upgraded shares of Camtek from a “neutral” rating to a “buy” rating and boosted their price target for the company from $30.00 to $50.00 in a report on Tuesday, July 18th. StockNews.com cut shares of Camtek from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Jefferies Financial Group upped their price objective on shares of Camtek from $35.00 to $50.00 in a report on Friday, July 14th. Finally, Needham & Company LLC upped their price target on shares of Camtek from $40.00 to $48.00 in a report on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.83.

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Camtek Price Performance

NASDAQ CAMT opened at $47.61 on Tuesday. The stock has a market capitalization of $2.12 billion, a P/E ratio of 29.03, a P/E/G ratio of 4.43 and a beta of 1.48. Camtek has a 1 year low of $20.83 and a 1 year high of $48.15. The business’s fifty day moving average is $34.64 and its two-hundred day moving average is $29.59. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.68 and a current ratio of 7.54.

Camtek (NASDAQ:CAMT – Get Free Report) last posted its quarterly earnings results on Monday, July 31st. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. The company had revenue of $73.60 million for the quarter, compared to analysts’ expectations of $72.33 million. Camtek had a return on equity of 21.22% and a net margin of 24.93%. The firm’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 earnings per share. On average, research analysts forecast that Camtek will post 1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

A number of hedge funds and other institutional investors have recently made changes to their positions in CAMT. JPMorgan Chase & Co. raised its holdings in shares of Camtek by 11.8% during the first quarter. JPMorgan Chase & Co. now owns 38,173 shares of the semiconductor company’s stock worth $1,164,000 after acquiring an additional 4,043 shares during the period. Renaissance Group LLC raised its holdings in shares of Camtek by 9.1% during the first quarter. Renaissance Group LLC now owns 29,484 shares of the semiconductor company’s stock worth $898,000 after acquiring an additional 2,454 shares during the period. UBS Group AG increased its stake in Camtek by 5,643.2% in the 1st quarter. UBS Group AG now owns 57,087 shares of the semiconductor company’s stock valued at $1,738,000 after buying an additional 56,093 shares during the last quarter. Invesco Ltd. increased its stake in Camtek by 7.8% in the 1st quarter. Invesco Ltd. now owns 610,164 shares of the semiconductor company’s stock valued at $18,585,000 after buying an additional 44,158 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in Camtek in the 1st quarter valued at $735,000. 31.50% of the stock is currently owned by institutional investors and hedge funds.

Camtek Company Profile

(Get Free Report)

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry.

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