Camtek (NASDAQ:CAMT) PT Lowered to $22.00

Camtek (NASDAQ:CAMTGet Rating) had its target price lowered by Barclays to $22.00 in a research report released on Monday morning, Stock Target Advisor reports.

Several other equities analysts also recently weighed in on CAMT. Bank of America decreased their price target on shares of Camtek from $32.00 to $27.00 and set a neutral rating on the stock in a research note on Friday, October 7th. StockNews.com assumed coverage on shares of Camtek in a report on Wednesday, October 12th. They issued a hold rating for the company. Finally, B. Riley decreased their price target on shares of Camtek from $29.00 to $27.00 and set a neutral rating for the company in a research note on Tuesday, October 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Camtek presently has an average rating of Hold and an average target price of $33.20.

Camtek Stock Up 1.1 %

CAMT stock opened at $23.78 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.86 and a current ratio of 6.74. The firm has a market cap of $1.06 billion, a PE ratio of 15.85, a P/E/G ratio of 2.55 and a beta of 1.47. Camtek has a one year low of $21.13 and a one year high of $48.60. The firm’s fifty day moving average is $23.43 and its 200 day moving average is $26.03.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meitav Dash Investments Ltd. increased its position in Camtek by 52.3% during the 2nd quarter. Meitav Dash Investments Ltd. now owns 981,509 shares of the semiconductor company’s stock worth $24,184,000 after purchasing an additional 337,110 shares in the last quarter. Phoenix Holdings Ltd. lifted its stake in Camtek by 245.3% in the third quarter. Phoenix Holdings Ltd. now owns 395,916 shares of the semiconductor company’s stock valued at $9,325,000 after buying an additional 281,259 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Camtek by 257.5% in the third quarter. Assenagon Asset Management S.A. now owns 147,545 shares of the semiconductor company’s stock valued at $3,419,000 after buying an additional 106,279 shares during the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new stake in Camtek in the second quarter valued at $2,313,000. Finally, Goldman Sachs Group Inc. bought a new stake in Camtek in the first quarter valued at $2,711,000. 27.34% of the stock is currently owned by hedge funds and other institutional investors.

About Camtek

(Get Rating)

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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