Camtek (NASDAQ:CAMT) Given New $150.00 Price Target at B. Riley

Camtek (NASDAQ:CAMT) had its target price upped by B. Riley from $110.00 to $150.00 in a research note published on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Several other brokerages also recently weighed in on CAMT. Barclays increased their price target on Camtek from $90.00 to $105.00 and gave the stock an overweight rating in a report on Friday, May 10th. Jefferies Financial Group assumed coverage on Camtek in a report on Monday, May 13th. They set a buy rating and a $120.00 price objective on the stock. Bank of America increased their target price on Camtek from $98.00 to $112.00 and gave the company a buy rating in a research report on Wednesday, May 22nd. Evercore ISI assumed coverage on Camtek in a research report on Tuesday, April 16th. They set an outperform rating and a $100.00 target price on the stock. Finally, Northland Securities cut Camtek from an outperform rating to a market perform rating in a research report on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $103.63.

Camtek Price Performance

Shares of Camtek stock opened at $114.39 on Thursday. The stock has a 50 day moving average of $96.84 and a 200 day moving average of $83.59. Camtek has a 12 month low of $31.49 and a 12 month high of $122.93. The firm has a market cap of $5.14 billion, a PE ratio of 64.63, a PEG ratio of 2.49 and a beta of 1.37. The company has a current ratio of 3.66, a quick ratio of 3.08 and a debt-to-equity ratio of 0.44.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Camtek had a return on equity of 20.94% and a net margin of 25.35%. The company had revenue of $97.01 million during the quarter, compared to analyst estimates of $93.75 million. On average, research analysts expect that Camtek will post 2.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CAMT. Tower Research Capital LLC TRC raised its position in Camtek by 574.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 379 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Camtek during the first quarter worth $50,000. USA Financial Formulas increased its position in shares of Camtek by 1,436.2% during the fourth quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 675 shares during the period. Russell Investments Group Ltd. increased its position in shares of Camtek by 524.6% during the first quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 1,238 shares during the period. Finally, Optimum Investment Advisors increased its holdings in Camtek by 15.0% in the fourth quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock valued at $120,000 after buying an additional 225 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Company Profile

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.