Camtek (NASDAQ:CAMT) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Camtek (NASDAQ:CAMT) from a hold rating to a sell rating in a research report report published on Tuesday morning.

Several other equities research analysts also recently weighed in on CAMT. Northland Securities raised shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price target for the company in a research report on Monday, August 5th. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. B. Riley cut their target price on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 target price on shares of Camtek in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $110.57.

Camtek Price Performance

Shares of CAMT opened at $78.72 on Tuesday. The company has a market capitalization of $3.57 billion, a P/E ratio of 36.28, a price-to-earnings-growth ratio of 1.70 and a beta of 1.38. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $79.43 and a 200 day moving average of $95.64. Camtek has a twelve month low of $59.33 and a twelve month high of $140.50.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. The company had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.84%. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. As a group, equities research analysts anticipate that Camtek will post 2.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camtek

Several hedge funds have recently added to or reduced their stakes in CAMT. Advisors Asset Management Inc. grew its holdings in Camtek by 78.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 145 shares during the last quarter. Headlands Technologies LLC bought a new position in Camtek during the 1st quarter valued at about $50,000. Northwestern Mutual Wealth Management Co. grew its holdings in Camtek by 23,300.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 466 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Camtek by 524.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 1,238 shares during the last quarter. Finally, Gateway Wealth Partners LLC bought a new position in Camtek in the 2nd quarter worth about $220,000. 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.