Camtek (NASDAQ:CAMT) Shares Down 6.7% – Time to Sell?

Camtek Ltd. (NASDAQ:CAMT) shares fell 6.7% during mid-day trading on Tuesday . The stock traded as low as $182.11 and last traded at $184.47. 309,597 shares traded hands during trading, a decline of 39% from the average session volume of 505,747 shares. The stock had previously closed at $197.75.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CAMT. Jefferies Financial Group increased their price target on shares of Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Barclays increased their price target on shares of Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Morgan Stanley increased their price target on shares of Camtek from $161.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Northland Securities set a $174.00 price target on shares of Camtek in a research report on Wednesday, May 13th. Finally, Wall Street Zen raised shares of Camtek from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Camtek currently has an average rating of “Moderate Buy” and a consensus target price of $174.33.

Camtek Trading Down 6.8%

The company’s fifty day moving average is $178.02 and its two-hundred day moving average is $153.20. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 212.19, a PEG ratio of 4.64 and a beta of 1.54. The company has a quick ratio of 7.46, a current ratio of 8.35 and a debt-to-equity ratio of 0.71.

Camtek (NASDAQ:CAMT) last issued its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $121.66 million for the quarter, compared to analysts’ expectations of $120.15 million. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 earnings per share. On average, research analysts predict that Camtek Ltd. will post 3.14 EPS for the current fiscal year.

Institutional Trading of Camtek

Hedge funds have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its holdings in Camtek by 202.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 200 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Camtek in the third quarter valued at approximately $32,000. Fifth Third Bancorp acquired a new stake in Camtek in the first quarter valued at approximately $42,000. EverSource Wealth Advisors LLC raised its holdings in Camtek by 46.8% during the first quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 95 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 293 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

About Camtek

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high?resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.