Camtek (NASDAQ:CAMT) Sets New 12-Month Low – Should You Sell?

Camtek Ltd. (NASDAQ:CAMT) shares hit a new 52-week low during trading on Thursday . The company traded as low as $54.19 and last traded at $55.01, with a volume of 71996 shares. The stock had previously closed at $60.17.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com cut Camtek from a “hold” rating to a “sell” rating in a report on Saturday, March 29th. Jefferies Financial Group dropped their price objective on shares of Camtek from $120.00 to $85.00 and set a “buy” rating for the company in a report on Friday, March 28th. Stifel Nicolaus reissued a “buy” rating and issued a $105.00 target price on shares of Camtek in a report on Thursday, December 12th. Cantor Fitzgerald assumed coverage on Camtek in a report on Monday, January 13th. They set a “neutral” rating and a $100.00 price target for the company. Finally, Northland Securities increased their target price on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.22.

Camtek Stock Performance

The stock has a 50 day moving average price of $76.53 and a two-hundred day moving average price of $79.35. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 1.89 and a beta of 1.38. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. Analysts predict that Camtek Ltd. will post 2.93 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CAMT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Camtek by 16.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 486,606 shares of the semiconductor company’s stock valued at $38,855,000 after purchasing an additional 67,250 shares in the last quarter. Centiva Capital LP acquired a new stake in Camtek during the 3rd quarter worth approximately $705,000. Point72 Asset Management L.P. bought a new position in Camtek in the third quarter valued at approximately $4,727,000. Quadrature Capital Ltd bought a new position in Camtek in the third quarter valued at approximately $1,538,000. Finally, Stifel Financial Corp boosted its holdings in shares of Camtek by 77.3% in the third quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company’s stock valued at $252,000 after buying an additional 1,374 shares during the period. 41.93% of the stock is currently owned by institutional investors.

About Camtek

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.