B. Riley Boosts Camtek (NASDAQ:CAMT) Price Target to $95.00

Camtek (NASDAQ:CAMT) had its price objective raised by investment analysts at B. Riley from $85.00 to $95.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. B. Riley’s price objective indicates a potential upside of 42.84% from the company’s current price.

CAMT has been the subject of a number of other research reports. StockNews.com cut shares of Camtek from a “hold” rating to a “sell” rating in a report on Tuesday. Jefferies Financial Group lowered their price objective on Camtek from $120.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Bank of America dropped their price objective on shares of Camtek from $105.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Barclays dropped their price objective on shares of Camtek from $120.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Finally, Needham & Company LLC dropped their price objective on shares of Camtek from $110.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $92.44.

Camtek Trading Down 4.8%

CAMT opened at $66.51 on Wednesday. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 27.48, a P/E/G ratio of 1.89 and a beta of 1.36. 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 has a twelve month low of $47.41 and a twelve month high of $140.50. The company has a 50-day simple moving average of $62.99 and a 200 day simple moving average of $75.50.

Camtek (NASDAQ:CAMT) last posted its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Analysts predict that Camtek will post 2.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd raised its holdings in Camtek by 27.8% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,134,671 shares of the semiconductor company’s stock worth $123,622,000 after purchasing an additional 464,671 shares during the last quarter. Menora Mivtachim Holdings LTD. raised its holdings in Camtek by 81.8% during the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company’s stock worth $126,521,000 after purchasing an additional 705,000 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Camtek by 27.6% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,448,441 shares of the semiconductor company’s stock valued at $84,922,000 after acquiring an additional 312,988 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of Camtek by 311.8% in the 4th quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company’s stock valued at $96,341,000 after acquiring an additional 903,126 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Camtek by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 1,002,302 shares of the semiconductor company’s stock valued at $58,715,000 after acquiring an additional 18,316 shares in the last quarter. 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.