Camtek (NASDAQ:CAMT) Given New $105.00 Price Target at Jefferies Financial Group

Key Points

• Jefferies Financial Group raised Camtek's price target from $85.00 to $105.00, suggesting an 18.85% potential upside from the current stock price.
• Camtek's stock recently experienced a decline of 8.7%, trading at $88.35, with a market cap of $4.03 billion.
• The company reported a quarterly EPS of $0.79, meeting analysts' expectations, and achieved 20.2% revenue growth year-over-year.

Camtek (NASDAQ:CAMT - Get Free Report) had its price objective raised by Jefferies Financial Group from $85.00 to $105.00 in a report released on Tuesday, MarketBeat Ratings reports. The brokerage currently has a "buy" rating on the semiconductor company's stock. Jefferies Financial Group's price target points to a potential upside of 28.50% from the company's current price.

A number of other research firms have also recently issued reports on CAMT. Wall Street Zen upgraded shares of Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Cantor Fitzgerald set a $80.00 price objective on shares of Camtek and gave the company a "neutral" rating in a report on Tuesday, June 24th. Stifel Nicolaus lifted their price target on shares of Camtek from $84.00 to $98.00 and gave the company a "buy" rating in a research report on Monday, July 7th. B. Riley raised their target price on shares of Camtek from $85.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, Needham & Company LLC cut their price target on shares of Camtek from $110.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Camtek has an average rating of "Moderate Buy" and a consensus price target of $96.10.

Camtek Stock Up 0.4%

Shares of CAMT stock traded up $0.33 on Tuesday, hitting $81.72. 130,499 shares of the stock were exchanged, compared to its average volume of 478,006. The business has a 50-day moving average of $83.99 and a 200 day moving average of $75.84. Camtek has a fifty-two week low of $47.41 and a fifty-two week high of $110.73. The firm has a market capitalization of $3.73 billion, a P/E ratio of 30.04, a price-to-earnings-growth ratio of 2.41 and a beta of 1.31. The company has a current ratio of 5.28, a quick ratio of 4.27 and a debt-to-equity ratio of 0.34.

Camtek (NASDAQ:CAMT - Get Free Report) last released its earnings results on Tuesday, August 5th. The semiconductor company reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. Camtek had a net margin of 28.36% and a return on equity of 24.78%. The business had revenue of $123.32 million during the quarter, compared to analysts' expectations of $121.57 million. During the same period last year, the business earned $0.66 earnings per share. The firm's revenue was up 20.2% on a year-over-year basis. Equities analysts anticipate that Camtek will post 2.93 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in shares of Camtek by 25.4% during the fourth quarter. Royal Bank of Canada now owns 206,927 shares of the semiconductor company's stock valued at $16,714,000 after purchasing an additional 41,865 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Camtek during the 1st quarter worth approximately $1,101,000. Ameriprise Financial Inc. boosted its holdings in Camtek by 16.9% in the fourth quarter. Ameriprise Financial Inc. now owns 25,129 shares of the semiconductor company's stock worth $2,030,000 after acquiring an additional 3,635 shares in the last quarter. Norges Bank acquired a new stake in Camtek in the fourth quarter valued at approximately $4,551,000. Finally, Cetera Investment Advisers increased its holdings in shares of Camtek by 3.3% during the fourth quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company's stock valued at $427,000 after acquiring an additional 171 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company's stock.

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.