Bank of America Has Lowered Expectations for Camtek (NASDAQ:CAMT) Stock Price

Camtek (NASDAQ:CAMT - Free Report) had its price target lowered by Bank of America from $105.00 to $80.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Bank of America currently has a buy rating on the semiconductor company's stock.

Several other analysts also recently issued reports on CAMT. Needham & Company LLC reissued a "buy" rating and issued a $110.00 price target on shares of Camtek in a research note on Thursday, February 13th. Barclays reduced their price target on Camtek from $140.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. StockNews.com cut shares of Camtek from a "hold" rating to a "sell" rating in a report on Monday, April 14th. Jefferies Financial Group lowered their price target on shares of Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Finally, Northland Securities raised their price objective on Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, Camtek presently has a consensus rating of "Moderate Buy" and an average target price of $107.50.

Camtek Trading Down 3.2 %

Camtek stock traded down $1.94 during mid-day trading on Wednesday, hitting $58.43. 241,058 shares of the company's stock were exchanged, compared to its average volume of 570,940. Camtek has a fifty-two week low of $47.41 and a fifty-two week high of $140.50. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $2.66 billion, a P/E ratio of 24.14, a PEG ratio of 1.89 and a beta of 1.42. The company's 50 day simple moving average is $67.11 and its 200-day simple moving average is $77.40.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. On average, equities analysts anticipate that Camtek will post 2.93 earnings per share for the current year.

Hedge Funds Weigh In On Camtek

Institutional investors and hedge funds have recently made changes to their positions in the company. Stifel Financial Corp increased its position in Camtek by 77.3% during the 3rd quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company's stock worth $252,000 after buying an additional 1,374 shares during the period. Virtu Financial LLC lifted its position in shares of Camtek by 104.7% during the 3rd quarter. Virtu Financial LLC now owns 8,302 shares of the semiconductor company's stock valued at $663,000 after acquiring an additional 4,247 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Camtek in the third quarter worth $53,000. Tidal Investments LLC raised its stake in Camtek by 4.6% in the third quarter. Tidal Investments LLC now owns 20,914 shares of the semiconductor company's stock valued at $1,670,000 after purchasing an additional 914 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in Camtek by 9.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company's stock worth $77,852,000 after purchasing an additional 81,709 shares during the period. 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.