Camtek (NASDAQ:CAMT) Given New $138.00 Price Target at B. Riley Financial

Camtek (NASDAQ:CAMT) had its price target reduced by B. Riley Financial from $166.00 to $138.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. B. Riley Financial‘s target price indicates a potential upside of 33.58% from the company’s current price.

A number of other research analysts have also issued reports on CAMT. Weiss Ratings restated a “hold (c)” rating on shares of Camtek in a report on Tuesday, August 11th. Needham & Company LLC decreased their price objective on Camtek from $170.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, November 4th. Stifel Nicolaus set a $140.00 price objective on Camtek in a research report on Wednesday. Morgan Stanley lowered Camtek from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $152.00 to $126.00 in a research note on Monday, November 2nd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $175.00 target price on shares of Camtek in a research report on Tuesday, September 22nd. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Camtek has a consensus rating of “Hold” and an average target price of $164.00.

Camtek Stock Performance

Shares of CAMT stock opened at $103.31 on Monday. The stock has a market cap of $4.82 billion, a PE ratio of 38.73, a P/E/G ratio of 1.43 and a beta of 1.69. The company has a debt-to-equity ratio of 0.65, a quick ratio of 5.18 and a current ratio of 5.85. Camtek has a 1 year low of $89.13 and a 1 year high of $215.99. The stock has a fifty day moving average price of $136.75 and a 200 day moving average price of $156.05.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Wednesday, November 4th. The semiconductor company reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. Camtek had a net margin of 24.56% and a return on equity of 21.38%. The business had revenue of $161.29 million for the quarter, compared to analyst estimates of $160.36 million. During the same period in the previous year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. Sell-side analysts forecast that Camtek will post 3.27 earnings per share for the current fiscal year.

Insider Activity at Camtek

In other Camtek news, Director Karni Yarl Andorn sold 3,176 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $164.40, for a total transaction of $522,134.40. Following the completion of the sale, the director directly owned 1,343 shares in the company, valued at $220,789.20. This represents a 70.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rafi Amit sold 6,250 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $170.52, for a total value of $1,065,750.00. Following the sale, the chief executive officer owned 55,350 shares of the company’s stock, valued at $9,438,282. The trade was a 10.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 26,843 shares of company stock valued at $4,514,249 over the last three months. Insiders own 79.40% of the company’s stock.

Institutional Trading of Camtek

Large investors have recently added to or reduced their stakes in the stock. Phoenix Financial Ltd. boosted its position in shares of Camtek by 746.3% in the third quarter. Phoenix Financial Ltd. now owns 2,013,214 shares of the semiconductor company’s stock worth $311,938,000 after buying an additional 1,775,319 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Camtek by 38.2% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,302,009 shares of the semiconductor company’s stock valued at $349,008,000 after buying an additional 636,773 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Camtek by 15.6% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,060,896 shares of the semiconductor company’s stock valued at $475,204,000 after buying an additional 412,500 shares during the period. Y.D. More Investments Ltd lifted its position in Camtek by 20.8% during the 1st quarter. Y.D. More Investments Ltd now owns 783,365 shares of the semiconductor company’s stock worth $114,901,000 after acquiring an additional 134,791 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Camtek during the 1st quarter worth approximately $7,225,000. 41.93% of the stock is currently owned by institutional investors and hedge funds.

About Camtek

Camtek Ltd. develops, manufactures and sells inspection and metrology equipment used in semiconductor manufacturing. Its systems help manufacturers detect defects and measure features on wafers and other components, supporting quality control as semiconductor devices become smaller and more complex.

The company’s products serve applications including advanced packaging, memory, image sensors and other semiconductor processes. Camtek combines optical inspection hardware with software to analyze production data and identify issues during manufacturing.

Founded in 1987 and headquartered in Migdal HaEmek, Israel, Camtek serves customers in semiconductor manufacturing centers around the world through its international operations and support network.