Camtek (NASDAQ:CAMT) Price Target Lowered to $82.00 at Evercore ISI

Camtek (NASDAQ:CAMT) had its price objective lowered by research analysts at Evercore ISI from $100.00 to $82.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the semiconductor company’s stock. Evercore ISI’s price objective would suggest a potential upside of 23.29% from the stock’s current price.

Other research analysts have also issued research reports about the company. Bank of America dropped their price objective on Camtek from $105.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. StockNews.com lowered Camtek from a “hold” rating to a “sell” rating in a report on Tuesday. Barclays dropped their price objective on Camtek from $120.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group lowered their target price on Camtek from $120.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Finally, Needham & Company LLC lowered their target price on Camtek from $110.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.44.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $66.51 on Wednesday. The company has a current ratio of 5.00, a quick ratio of 4.11 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 stock has a 50 day moving average of $62.99 and a two-hundred day moving average of $75.50. The stock has a market cap of $3.03 billion, a P/E ratio of 27.48, a P/E/G ratio of 1.89 and a beta of 1.36.

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%. On average, research analysts forecast that Camtek will post 2.93 earnings per share for the current year.

Institutional Investors Weigh In On Camtek

Large investors have recently modified their holdings of the stock. Huntington National Bank grew its stake in Camtek by 42.4% during the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 123 shares in the last quarter. Cetera Investment Advisers grew its stake in Camtek by 3.3% during the 4th quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company’s stock valued at $427,000 after purchasing an additional 171 shares in the last quarter. Prentiss Smith & Co. Inc. grew its stake in Camtek by 10.8% during the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company’s stock valued at $225,000 after purchasing an additional 272 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Camtek by 364.0% during the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 324 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Camtek by 9.0% during the 1st quarter. Blue Trust Inc. now owns 4,237 shares of the semiconductor company’s stock valued at $248,000 after purchasing an additional 351 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Company Profile

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.