Camtek (NASDAQ:CAMT) Given New $80.00 Price Target at Needham & Company LLC

Camtek (NASDAQ:CAMT) had its target price decreased by analysts at Needham & Company LLC from $110.00 to $80.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price would indicate a potential upside of 16.60% from the stock’s previous close.

Several other analysts also recently issued reports on CAMT. Bank of America decreased their price target on Camtek from $105.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Jefferies Financial Group decreased their target price on Camtek from $120.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, March 28th. StockNews.com cut shares of Camtek from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Barclays cut their target price on shares of Camtek from $120.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $99.38.

Camtek Stock Performance

Shares of NASDAQ CAMT opened at $68.61 on Wednesday. The stock’s fifty day simple moving average is $62.90 and its 200 day simple moving average is $75.63. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 28.35, a PEG 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 52-week low of $47.41 and a 52-week high of $140.50.

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

Institutional Trading of Camtek

Large investors have recently bought and sold shares of the business. Wasatch Advisors LP boosted its holdings in shares of Camtek by 311.8% in the fourth quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company’s stock valued at $96,341,000 after buying an additional 903,126 shares during the period. Menora Mivtachim Holdings LTD. raised its stake in shares of Camtek by 81.8% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company’s stock valued at $126,521,000 after purchasing an additional 705,000 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Camtek by 27.8% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,134,671 shares of the semiconductor company’s stock valued at $123,622,000 after purchasing an additional 464,671 shares in the last quarter. Meitav Investment House Ltd. lifted its stake in Camtek by 119.3% in the 4th quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company’s stock valued at $66,159,000 after acquiring an additional 445,079 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in Camtek in the 4th quarter valued at $30,956,000. 41.93% of the stock is owned by institutional investors.

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.