Camtek (NASDAQ:CAMT) Stock Gets Price Target Reduction from B. Riley Financial

Camtek (NASDAQ:CAMT) had its price target trimmed by B. Riley Financial from $200.00 to $166.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Other equities research analysts also recently issued research reports about the stock. Needham & Company LLC dropped their target price on shares of Camtek from $190.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, October 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Camtek in a research report on Tuesday, August 11th. Stifel Nicolaus set a $170.00 price target on Camtek in a research note on Monday, August 10th. Cantor Fitzgerald reissued a “neutral” rating and issued a $175.00 price objective on shares of Camtek in a report on Tuesday, September 22nd. Finally, Morgan Stanley cut their price objective on Camtek from $165.00 to $152.00 and set an “equal weight” rating on the stock in a research note on Monday, September 28th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Camtek presently has an average rating of “Moderate Buy” and an average price target of $174.33.

Camtek Stock Down 10.2%

Shares of NASDAQ:CAMT opened at $119.48 on Tuesday. The company has a current ratio of 7.38, a quick ratio of 6.58 and a debt-to-equity ratio of 0.69. The company has a fifty day simple moving average of $144.85 and a 200 day simple moving average of $159.49. The firm has a market cap of $5.57 billion, a PE ratio of 186.69, a price-to-earnings-growth ratio of 2.65 and a beta of 1.56. Camtek has a 12-month low of $91.91 and a 12-month high of $215.99.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $133.24 million for the quarter, compared to the consensus estimate of $130.44 million. Camtek had a net margin of 7.40% and a return on equity of 21.58%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 EPS. On average, equities research analysts anticipate that Camtek will post 3.29 EPS for the current fiscal year.

Insider Activity at Camtek

In other Camtek news, VP Orit Geva-Dvash sold 508 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $175.00, for a total transaction of $88,900.00. Following the sale, the vice president directly owned 5,205 shares of the company’s stock, valued at approximately $910,875. This represents a 8.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Moshe Eisenberg sold 645 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $172.67, for a total transaction of $111,372.15. Following the completion of the transaction, the chief financial officer owned 16,239 shares in the company, valued at approximately $2,803,988.13. The trade was a 3.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,843 shares of company stock valued at $4,514,249 in the last ninety days. 79.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Camtek

Several institutional investors and hedge funds have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in 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 worth $349,008,000 after acquiring an additional 636,773 shares during the last quarter. Y.D. More Investments Ltd boosted its stake in Camtek by 20.8% in the first quarter. Y.D. More Investments Ltd now owns 783,365 shares of the semiconductor company’s stock valued at $114,901,000 after acquiring an additional 134,791 shares during the period. Meitav Investment House Ltd. grew its holdings in shares of Camtek by 11.4% during the first quarter. Meitav Investment House Ltd. now owns 349,773 shares of the semiconductor company’s stock valued at $51,836,000 after purchasing an additional 35,811 shares during the last quarter. Swiss National Bank grew its holdings in shares of Camtek by 1.9% during the first quarter. Swiss National Bank now owns 59,485 shares of the semiconductor company’s stock valued at $8,711,000 after purchasing an additional 1,085 shares during the last quarter. Finally, Stephens Investment Management Group LLC bought a new position in shares of Camtek during the first quarter valued at approximately $8,296,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is an Israel-based provider of inspection and metrology equipment for the semiconductor industry. The company develops and manufactures systems that help chipmakers detect defects, measure manufacturing processes, and improve production yields during the fabrication and packaging of semiconductor devices.

Its product portfolio includes automated optical inspection and metrology systems for wafers, substrates, and packaged devices, along with inspection solutions for advanced packaging, memory, image sensors, and other specialty semiconductor applications.