Morgan Stanley Cuts Camtek (NASDAQ:CAMT) Price Target to $152.00

Camtek (NASDAQ:CAMT) had its target price cut by Morgan Stanley from $165.00 to $152.00 in a research report report published on Monday morning, Marketbeat Ratings reports. They currently have an equal weight rating on the semiconductor company’s stock.

A number of other equities research analysts have also weighed in on CAMT. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $175.00 target price on shares of Camtek in a research note on Tuesday, September 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Camtek in a research note on Tuesday, August 11th. Finally, Stifel Nicolaus set a $170.00 price objective on shares of Camtek in a report on Monday, August 10th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $176.75.

Camtek Price Performance

Shares of Camtek stock opened at $155.25 on Monday. The business has a 50 day moving average of $147.20 and a 200 day moving average of $161.53. Camtek has a 52 week low of $91.91 and a 52 week high of $215.99. The company has a market cap of $7.24 billion, a PE ratio of 242.58, a P/E/G ratio of 3.29 and a beta of 1.56. The company has a quick ratio of 6.58, a current ratio of 7.38 and a debt-to-equity ratio of 0.69.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Monday, August 10th. The semiconductor company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.02. The business had revenue of $133.24 million for the quarter, compared to analysts’ expectations of $130.44 million. Camtek had a net margin of 7.40% and a return on equity of 21.58%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 earnings per share. As a group, equities research analysts forecast that Camtek will post 3.27 earnings per share for the current year.

Insiders Place Their Bets

In other Camtek news, Director Karni Yarl Andorn sold 3,176 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $164.40, for a total transaction of $522,134.40. Following the completion of the transaction, the director owned 1,343 shares of the company’s stock, valued at approximately $220,789.20. This trade represents a 70.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lior Aviram sold 3,347 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $162.99, for a total transaction of $545,527.53. Following the sale, the director owned 15,865 shares in the company, valued at approximately $2,585,836.35. This trade represents a 17.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,843 shares of company stock valued at $4,514,249 in the last 90 days. Corporate insiders own 79.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Camtek by 38.2% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,302,009 shares of the semiconductor company’s stock valued at $349,008,000 after acquiring an additional 636,773 shares during the period. Y.D. More Investments Ltd grew its stake in shares of Camtek by 20.8% in the first quarter. Y.D. More Investments Ltd now owns 783,365 shares of the semiconductor company’s stock worth $114,901,000 after acquiring an additional 134,791 shares during the period. Analog Century Management LP grew its stake in shares of Camtek by 14.8% in the fourth quarter. Analog Century Management LP now owns 693,720 shares of the semiconductor company’s stock worth $73,774,000 after acquiring an additional 89,461 shares during the period. Stephens Investment Management Group LLC purchased a new position in shares of Camtek during the first quarter valued at approximately $8,296,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Camtek during the first quarter valued at approximately $7,225,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

About Camtek

Camtek Ltd. (NASDAQ: CAMT) is an Israel-based provider of inspection and metrology systems used in semiconductor manufacturing. The company develops equipment and software designed to identify defects, measure wafer and package characteristics, and support process control during the production of integrated circuits.

Camtek’s product portfolio serves a range of applications, including advanced packaging, heterogeneous integration, chiplets, memory, foundry and logic manufacturing, and other high-density semiconductor processes.