Barclays Has Lowered Expectations for Camtek (NASDAQ:CAMT) Stock Price

Camtek (NASDAQ:CAMT - Get Free Report) had its target price dropped by research analysts at Barclays from $120.00 to $85.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the semiconductor company's stock. Barclays's price objective would indicate a potential upside of 27.72% from the stock's previous close.

CAMT has been the subject of several other research reports. Northland Securities increased their price target on Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Jefferies Financial Group dropped their price objective on shares of Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Cantor Fitzgerald assumed coverage on shares of Camtek in a research note on Monday, January 13th. They issued a "neutral" rating and a $100.00 target price for the company. Bank of America dropped their price target on shares of Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, StockNews.com downgraded shares of Camtek from a "hold" rating to a "sell" rating in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $103.13.

Camtek Stock Performance

CAMT traded down $0.39 during trading on Tuesday, hitting $66.55. 440,027 shares of the company traded hands, compared to its average volume of 574,390. Camtek has a one year low of $47.41 and a one year high of $140.50. The stock's fifty day moving average is $64.75 and its 200 day moving average is $76.80. 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 cap of $3.03 billion, a P/E ratio of 27.50, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42.

Camtek (NASDAQ:CAMT - Get Free Report) last released its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share 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, equities analysts predict that Camtek will post 2.93 EPS for the current fiscal year.

Institutional Trading of Camtek

Several institutional investors and hedge funds have recently bought and sold shares of CAMT. Wasatch Advisors LP raised its position 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 worth $96,341,000 after buying an additional 903,126 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its stake in Camtek by 81.8% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company's stock worth $126,521,000 after acquiring an additional 705,000 shares during the last quarter. Meitav Investment House Ltd. raised its holdings in shares of 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. Driehaus Capital Management LLC bought a new stake in shares of Camtek during the 4th quarter valued at about $30,956,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Camtek by 32.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company's stock worth $91,711,000 after purchasing an additional 279,000 shares in the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

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.