Camtek (NASDAQ:CAMT) Stock Price Target Lowered at B. Riley Financial

Camtek (NASDAQ:CAMT) had its price objective decreased by analysts at B. Riley Financial from $200.00 to $166.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. B. Riley Financial’s price target would indicate a potential upside of 27.77% from the stock’s previous close.

CAMT has been the subject of several other research reports. Stifel Nicolaus set a $170.00 target price on Camtek in a research report on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of Camtek in a research note on Tuesday, August 11th. Needham & Company LLC lowered their target price on shares of Camtek from $190.00 to $170.00 and set a “buy” rating for the company in a research note on Friday. Morgan Stanley dropped their target price on shares of Camtek from $165.00 to $152.00 and set an “equal weight” rating on the stock in a report on Monday, September 28th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $175.00 price target on shares of Camtek in a research report on Tuesday, September 22nd. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $174.33.

Camtek Stock Up 0.8%

Shares of CAMT traded up $0.98 during midday trading on Tuesday, hitting $129.92. The company had a trading volume of 210,223 shares, compared to its average volume of 498,645. The company has a quick ratio of 6.58, a current ratio of 7.38 and a debt-to-equity ratio of 0.69. Camtek has a 52 week low of $91.91 and a 52 week high of $215.99. The company’s 50 day moving average price is $147.47 and its 200 day moving average price is $160.15. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 203.06, a PEG ratio of 2.58 and a beta of 1.56.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Monday, August 10th. The semiconductor company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The business had revenue of $133.24 million during the quarter, compared to the consensus estimate of $130.44 million. Camtek had a return on equity of 21.58% and a net margin of 7.40%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $0.79 earnings per share. On average, equities research analysts predict that Camtek will post 3.29 EPS for the current year.

Insider Activity at Camtek

In related news, COO Ram Langer sold 6,387 shares of Camtek stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $172.32, for a total value of $1,100,607.84. Following the sale, the chief operating officer directly owned 17,532 shares in the company, valued at $3,021,114.24. This trade represents a 26.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lior Aviram sold 3,347 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $162.99, for a total transaction of $545,527.53. Following the transaction, the director directly owned 15,865 shares of the company’s stock, valued at $2,585,836.35. The trade was a 17.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 26,843 shares of company stock valued at $4,514,249. Company insiders own 79.40% of the company’s stock.

Institutional Investors Weigh In On Camtek

Several large investors have recently made changes to their positions in CAMT. IFP Advisors Inc raised its holdings in shares of Camtek by 576.7% during the second quarter. IFP Advisors Inc now owns 203 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 173 shares during the last quarter. Fifth Third Bancorp bought a new position in Camtek in the 1st quarter worth approximately $42,000. EverSource Wealth Advisors LLC grew its holdings in Camtek by 46.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock worth $45,000 after buying an additional 95 shares in the last quarter. Compass Financial Management LLC bought a new position in Camtek in the 2nd quarter worth approximately $57,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Camtek in the 4th quarter valued at approximately $63,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is an Israel-based provider of inspection and metrology equipment for the semiconductor industry. The company develops and manufactures systems that help chipmakers detect defects, measure manufacturing processes, and improve production yields during the fabrication and packaging of semiconductor devices.

Its product portfolio includes automated optical inspection and metrology systems for wafers, substrates, and packaged devices, along with inspection solutions for advanced packaging, memory, image sensors, and other specialty semiconductor applications.