Camtek (NASDAQ:CAMT) Cut to Sell at StockNews.com

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

CAMT has been the topic of several other reports. Needham & Company LLC reissued a “buy” rating and issued a $140.00 target price on shares of Camtek in a research note on Friday, August 2nd. Northland Securities raised Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a research note on Monday, August 5th. B. Riley cut their target price on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Northland Capmk raised Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.57.

Camtek Stock Down 1.5 %

Shares of NASDAQ:CAMT opened at $78.72 on Tuesday. The stock’s 50-day moving average price is $79.43 and its 200-day moving average price is $95.64. Camtek has a 12-month low of $59.33 and a 12-month high of $140.50. The stock 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 current ratio of 5.21, a quick ratio of 4.29 and a debt-to-equity ratio of 0.42.

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

Institutional Trading of Camtek

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. lifted its holdings in Camtek by 78.8% in the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after buying an additional 145 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Camtek by 23,300.0% during the second 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. Headlands Technologies LLC purchased a new position in shares of Camtek during the first quarter valued at approximately $50,000. Russell Investments Group Ltd. lifted its holdings in shares of Camtek by 524.6% during the first 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 purchased a new position in shares of Camtek during the second quarter valued at approximately $220,000. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Camtek Company Profile

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.