Camtek (NASDAQ:CAMT) Stock Price Target Lowered at Morgan Stanley

Camtek (NASDAQ:CAMT) had its price objective decreased by Morgan Stanley from $165.00 to $152.00 in a report published on Monday morning, MarketBeat.com reports. Morgan Stanley currently has an equal weight rating on the semiconductor company’s stock.

CAMT has been the topic of several other research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $175.00 price target on shares of Camtek in a research note on Tuesday, September 22nd. Stifel Nicolaus set a $170.00 price objective on Camtek in a research report on Monday, August 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Camtek in a report on Tuesday, August 11th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $176.75.

Camtek Stock Down 3.0%

CAMT stock opened at $142.61 on Monday. Camtek has a one year low of $91.91 and a one year high of $215.99. The firm has a market cap of $6.65 billion, a PE ratio of 222.83, a PEG ratio of 3.17 and a beta of 1.56. The firm’s 50 day moving average price is $147.30 and its 200-day moving average price is $161.57. The company has a debt-to-equity ratio of 0.69, a quick ratio of 6.58 and a current ratio of 7.38.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.02. The company had revenue of $133.24 million during the quarter, compared to analyst estimates of $130.44 million. Camtek had a return on equity of 21.58% and a net margin of 7.40%.The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 earnings per share. On average, equities research analysts anticipate that Camtek will post 3.27 EPS for the current year.

Insiders Place Their Bets

In other Camtek news, Director Karni Yarl Andorn sold 3,176 shares of Camtek stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $164.40, for a total value of $522,134.40. Following the completion of the transaction, the director directly owned 1,343 shares of the company’s stock, valued at $220,789.20. The trade was a 70.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Orit Geva-Dvash sold 508 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $175.00, for a total transaction of $88,900.00. Following the sale, the vice president owned 5,205 shares in the company, valued at $910,875. This trade represents a 8.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 26,843 shares of company stock valued at $4,514,249. Insiders own 79.40% of the company’s stock.

Institutional Investors Weigh In On Camtek

Large investors have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Camtek by 38.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,302,009 shares of the semiconductor company’s stock valued at $349,008,000 after acquiring an additional 636,773 shares in the last quarter. Y.D. More Investments Ltd grew its stake in Camtek by 20.8% during the 1st quarter. Y.D. More Investments Ltd now owns 783,365 shares of the semiconductor company’s stock worth $114,901,000 after purchasing an additional 134,791 shares in the last quarter. Analog Century Management LP grew its stake in Camtek by 14.8% during the 4th quarter. Analog Century Management LP now owns 693,720 shares of the semiconductor company’s stock worth $73,774,000 after purchasing an additional 89,461 shares in the last quarter. Meitav Investment House Ltd. increased its holdings in Camtek by 11.4% during the 1st quarter. Meitav Investment House Ltd. now owns 349,773 shares of the semiconductor company’s stock worth $51,836,000 after purchasing an additional 35,811 shares during the period. Finally, Legal & General Group Plc increased its holdings in Camtek by 26.1% during the 4th quarter. Legal & General Group Plc now owns 140,450 shares of the semiconductor company’s stock worth $15,093,000 after purchasing an additional 29,080 shares during the period. 41.93% of the stock is owned by hedge funds and other institutional investors.

About Camtek

Camtek Ltd. (NASDAQ: CAMT) is an Israel-based semiconductor equipment company that develops, manufactures and sells automated inspection and metrology systems. Its technologies are used to detect defects, measure wafer and package characteristics, and support process control during semiconductor manufacturing and advanced packaging.

The company’s product portfolio includes inspection systems for wafers, substrates and semiconductor packages, as well as metrology solutions and related software.