Camtek (NASDAQ:CAMT) Price Target Lowered to $40.00 at Northland Securities

Camtek (NASDAQ:CAMTGet Rating) had its price objective trimmed by Northland Securities to $40.00 in a research note issued to investors on Monday morning, Stock Target Advisor reports.

CAMT has been the topic of a number of other research reports. Bank of America cut their price target on shares of Camtek from $32.00 to $27.00 and set a neutral rating on the stock in a research note on Friday, October 7th. StockNews.com started coverage on shares of Camtek in a research note on Wednesday, October 12th. They issued a hold rating on the stock. Barclays dropped their price target on shares of Camtek to $22.00 in a research report on Monday. Finally, B. Riley dropped their price target on shares of Camtek from $29.00 to $27.00 and set a neutral rating on the stock in a research report on Tuesday, October 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of $33.20.

Camtek Price Performance

Shares of CAMT opened at $23.78 on Monday. The company has a 50 day moving average price of $23.43 and a 200-day moving average price of $26.03. Camtek has a fifty-two week low of $21.13 and a fifty-two week high of $48.60. The stock has a market capitalization of $1.06 billion, a PE ratio of 15.85, a PEG ratio of 2.55 and a beta of 1.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.86 and a current ratio of 6.74.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CAMT. Meitav Dash Investments Ltd. lifted its stake in Camtek by 52.3% in the second quarter. Meitav Dash Investments Ltd. now owns 981,509 shares of the semiconductor company’s stock worth $24,184,000 after acquiring an additional 337,110 shares during the last quarter. Phoenix Holdings Ltd. lifted its position in shares of Camtek by 245.3% during the 3rd quarter. Phoenix Holdings Ltd. now owns 395,916 shares of the semiconductor company’s stock worth $9,325,000 after buying an additional 281,259 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Camtek by 257.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 147,545 shares of the semiconductor company’s stock worth $3,419,000 after buying an additional 106,279 shares during the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new stake in Camtek in the 2nd quarter valued at $2,313,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Camtek in the 1st quarter valued at $2,711,000. Institutional investors and hedge funds own 27.34% of the company’s stock.

About Camtek

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Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry.

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