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

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

CAMT has been the topic of a number of other research reports. Bank of America dropped their price target on 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 began coverage on Camtek in a report on Wednesday, October 12th. They set a hold rating for the company. Barclays reduced their price target on Camtek to $22.00 in a report on Monday. Finally, B. Riley reduced their target price on Camtek from $29.00 to $27.00 and set a neutral rating for the company in a report on Tuesday, October 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Camtek has a consensus rating of Hold and a consensus price target of $33.20.

Camtek Price Performance

NASDAQ:CAMT opened at $23.78 on Monday. The business’s 50-day moving average price is $23.43 and its 200 day moving average price is $26.03. The firm has a market cap of $1.06 billion, a P/E ratio of 15.85, a PEG ratio of 2.55 and a beta of 1.47. Camtek has a 52-week low of $21.13 and a 52-week high of $48.60. The company has a quick ratio of 5.86, a current ratio of 6.74 and a debt-to-equity ratio of 0.54.

Hedge Funds Weigh In On Camtek

Several large investors have recently made changes to their positions in CAMT. Isthmus Partners LLC increased its holdings in shares of Camtek by 2.7% in the first quarter. Isthmus Partners LLC now owns 65,969 shares of the semiconductor company’s stock worth $2,009,000 after acquiring an additional 1,750 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Camtek by 255.0% in the first quarter. Qube Research & Technologies Ltd now owns 26,722 shares of the semiconductor company’s stock valued at $814,000 after buying an additional 19,194 shares during the last quarter. Meitav Dash Investments Ltd. lifted its position in shares of Camtek by 5.0% in the first quarter. Meitav Dash Investments Ltd. now owns 644,399 shares of the semiconductor company’s stock valued at $19,834,000 after buying an additional 30,469 shares during the last quarter. Swiss National Bank lifted its holdings in Camtek by 7.9% during the 1st quarter. Swiss National Bank now owns 67,767 shares of the semiconductor company’s stock worth $2,127,000 after purchasing an additional 4,971 shares during the last quarter. Finally, Phoenix Holdings Ltd. lifted its holdings in Camtek by 77.7% during the 1st quarter. Phoenix Holdings Ltd. now owns 70,436 shares of the semiconductor company’s stock worth $2,147,000 after purchasing an additional 30,788 shares during the last quarter. 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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