B. Riley Issues Positive Forecast for Camtek (NASDAQ:CAMT) Stock Price

Camtek (NASDAQ:CAMT) had its price objective lifted by B. Riley from $85.00 to $95.00 in a research report report published on Wednesday,Benzinga reports. B. Riley currently has a buy rating on the semiconductor company’s stock.

CAMT has been the subject of a number of other reports. Barclays decreased their price target on Camtek from $120.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group decreased their price target on Camtek from $120.00 to $85.00 and set a “buy” rating for the company in a report on Friday, March 28th. StockNews.com downgraded Camtek from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America decreased their price target on Camtek from $105.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Finally, Needham & Company LLC decreased their price target on Camtek from $110.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Camtek has an average rating of “Moderate Buy” and an average target price of $92.44.

Camtek Stock Down 0.9%

Shares of NASDAQ:CAMT opened at $65.94 on Wednesday. The firm has a market cap of $3.01 billion, a P/E ratio of 27.25, a P/E/G ratio of 1.89 and a beta of 1.36. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. Camtek has a 12-month low of $47.41 and a 12-month high of $140.50. The business has a fifty day simple moving average of $63.04 and a 200 day simple moving average of $75.38.

Camtek (NASDAQ:CAMT) last issued its quarterly 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 return on equity of 24.99% and a net margin of 27.61%. Analysts predict that Camtek will post 2.93 earnings per share for the current year.

Institutional Trading of Camtek

Large investors have recently made changes to their positions in the company. HighTower Advisors LLC grew its stake in shares of Camtek by 75.6% in the 4th quarter. HighTower Advisors LLC now owns 9,926 shares of the semiconductor company’s stock valued at $802,000 after buying an additional 4,272 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of Camtek by 1.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 25,150 shares of the semiconductor company’s stock valued at $2,031,000 after buying an additional 381 shares during the period. Y.D. More Investments Ltd lifted its position in Camtek by 6.0% in the 4th quarter. Y.D. More Investments Ltd now owns 525,413 shares of the semiconductor company’s stock valued at $42,905,000 after acquiring an additional 29,580 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in Camtek by 9.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company’s stock valued at $77,852,000 after acquiring an additional 81,709 shares in the last quarter. Finally, Swiss National Bank lifted its position in Camtek by 2.4% in the 4th quarter. Swiss National Bank now owns 59,008 shares of the semiconductor company’s stock valued at $4,813,000 after acquiring an additional 1,369 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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.