Barclays Boosts Camtek (NASDAQ:CAMT) Price Target to $50.00

Camtek (NASDAQ:CAMT) had its price target raised by Barclays from $43.00 to $50.00 in a report published on Wednesday morning, Analyst Price Targets reports. Barclays currently has an overweight rating on the semiconductor company’s stock.

Other research analysts have also recently issued reports about the company. Needham & Company LLC raised their target price on Camtek from $44.00 to $50.00 and gave the stock a buy rating in a research report on Thursday, January 6th. Zacks Investment Research cut Camtek from a buy rating to a hold rating in a report on Tuesday, December 28th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus target price of $45.20.

Shares of CAMT stock opened at $43.07 on Wednesday. Camtek has a 12 month low of $22.44 and a 12 month high of $49.60. The business’s 50 day moving average is $44.40 and its two-hundred day moving average is $40.64. The company has a market cap of $1.86 billion, a PE ratio of 34.73 and a beta of 1.47.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Wednesday, October 27th. The semiconductor company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. Camtek had a return on equity of 21.91% and a net margin of 22.61%. The company had revenue of $70.69 million for the quarter, compared to the consensus estimate of $70.03 million. During the same quarter last year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 76.4% compared to the same quarter last year. On average, sell-side analysts expect that Camtek will post 1.46 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in CAMT. Hood River Capital Management LLC acquired a new stake in shares of Camtek in the third quarter valued at $30,000. Captrust Financial Advisors acquired a new stake in Camtek in the third quarter worth about $41,000. Total Clarity Wealth Management Inc. acquired a new stake in Camtek in the third quarter worth about $89,000. Bank of America Corp DE increased its position in Camtek by 13.1% in the second quarter. Bank of America Corp DE now owns 2,772 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 322 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new stake in Camtek in the second quarter worth about $217,000. Institutional investors own 33.12% of the company’s stock.

About Camtek

Camtek Ltd. manufactures metrology and inspection equipment, and provides software solutions serving the advanced packaging, memory, complementary metaloxidesemiconductor image sensors, micro-electro mechanical systems radio frequency and other segments in the Semiconductors industry. The company provides solutions and yield-enhancement data, enabling manufacturers to improve yield and drive down their production costs.

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