B. Riley Boosts Camtek (NASDAQ:CAMT) Price Target to $95.00

Camtek (NASDAQ:CAMT) had its target price boosted by research analysts at B. Riley from $85.00 to $95.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. B. Riley’s price objective would indicate a potential upside of 42.84% from the stock’s previous close.

CAMT has been the subject of several other research reports. Jefferies Financial Group reduced their price target on shares of Camtek from $120.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Evercore ISI reduced their price target on shares of Camtek from $100.00 to $82.00 and set an “outperform” rating for the company in a research report on Wednesday. Needham & Company LLC reduced their price target on shares of Camtek from $110.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays reduced their price target on shares of Camtek from $120.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Finally, Bank of America reduced their price target on shares of Camtek from $105.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Camtek has a consensus rating of “Moderate Buy” and a consensus price target of $92.44.

Camtek Stock Performance

NASDAQ:CAMT opened at $66.51 on Wednesday. The company has a fifty day moving average of $62.99 and a 200-day moving average of $75.50. Camtek has a twelve month low of $47.41 and a twelve month 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 $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 posted its quarterly earnings results 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%. As a group, sell-side analysts anticipate that Camtek will post 2.93 EPS for the current year.

Hedge Funds Weigh In On Camtek

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Camtek in the 1st quarter worth about $31,000. Jones Financial Companies Lllp boosted its holdings in shares of Camtek by 364.0% in the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after buying an additional 324 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Camtek by 42.4% in the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock worth $33,000 after buying an additional 123 shares during the last quarter. State of Wyoming boosted its holdings in shares of Camtek by 146.2% in the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock worth $163,000 after buying an additional 1,200 shares during the last quarter. Finally, Optimum Investment Advisors boosted its holdings in shares of Camtek by 43.3% in the 4th quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company’s stock worth $174,000 after buying an additional 650 shares during the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

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.