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

Camtek (NASDAQ:CAMT) had its target price decreased by analysts at 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. B. Riley Financial’s price target would suggest a potential upside of 27.77% from the company’s current price.

CAMT has been the subject of several other research reports. Weiss Ratings restated a “hold (c)” rating on shares of Camtek in a report on Tuesday, August 11th. Needham & Company LLC decreased their target price on shares of Camtek from $190.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday. Cantor Fitzgerald reissued a “neutral” rating and issued a $175.00 target price on shares of Camtek in a research report on Tuesday, September 22nd. Stifel Nicolaus set a $170.00 price target on shares of Camtek in a research report on Monday, August 10th. Finally, Morgan Stanley dropped their price target on shares of Camtek from $165.00 to $152.00 and set an “equal weight” rating for the company in a research report on Monday, September 28th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.33.

Camtek Trading Up 0.8%

CAMT traded up $0.98 during trading on Tuesday, hitting $129.92. The company’s stock had a trading volume of 210,223 shares, compared to its average volume of 498,645. The firm’s 50 day moving average price is $147.47 and its 200-day moving average price is $160.15. The company has a debt-to-equity ratio of 0.69, a current ratio of 7.38 and a quick ratio of 6.58. The stock has a market cap of $6.06 billion, a PE ratio of 203.06, a PEG ratio of 2.58 and a beta of 1.56. Camtek has a twelve month low of $91.91 and a twelve month high of $215.99.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Monday, August 10th. The semiconductor company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The company had revenue of $133.24 million for 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 business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 EPS. On average, analysts expect that Camtek will post 3.29 earnings per share for the current year.

Insider Activity

In other news, COO Ram Langer sold 6,387 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $172.32, for a total value of $1,100,607.84. Following the transaction, the chief operating officer owned 17,532 shares of the company’s stock, valued at approximately $3,021,114.24. This trade represents a 26.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rafi Amit sold 6,250 shares of Camtek stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $170.52, for a total transaction of $1,065,750.00. Following the transaction, the chief executive officer owned 55,350 shares in the company, valued at $9,438,282. The trade was a 10.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 26,843 shares of company stock worth $4,514,249. Insiders own 79.40% of the company’s stock.

Institutional Trading of Camtek

Several large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its stake in shares of Camtek by 576.7% in the second quarter. IFP Advisors Inc now owns 203 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 173 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of Camtek in the 1st quarter valued at approximately $42,000. EverSource Wealth Advisors LLC raised its position in shares of Camtek by 46.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 95 shares in the last quarter. Compass Financial Management LLC acquired a new position in shares of Camtek in the 2nd quarter valued at approximately $57,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Camtek in the 4th quarter valued at approximately $63,000. 41.93% of the stock is currently owned by institutional investors and hedge funds.

About Camtek

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.