Camtek (NASDAQ:CAMT) Hits New 52-Week Low – Here’s Why

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Northland Securities increased their price objective on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Cantor Fitzgerald started coverage on shares of Camtek in a report on Monday, January 13th. They issued a “neutral” rating and a $100.00 price target for the company. Needham & Company LLC reissued a “buy” rating and set a $110.00 price objective on shares of Camtek in a report on Thursday, February 13th. Jefferies Financial Group dropped their target price 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. Finally, StockNews.com lowered Camtek from a “hold” rating to a “sell” rating in a research note on Saturday, March 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Camtek presently has an average rating of “Moderate Buy” and a consensus target price of $110.22.

Camtek Trading Down 4.1 %

The business has a 50 day moving average of $74.49 and a 200-day moving average of $78.97. The stock has a market cap of $2.31 billion, a PE ratio of 20.89, a price-to-earnings-growth 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 issued its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. On average, analysts anticipate that Camtek Ltd. will post 2.93 EPS for the current year.

Institutional Trading of Camtek

A number of hedge funds have recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Camtek by 10.2% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,670,000 shares of the semiconductor company’s stock worth $135,743,000 after purchasing an additional 154,548 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its stake in Camtek by 81.8% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company’s stock worth $126,521,000 after buying an additional 705,000 shares during the last quarter. Wasatch Advisors LP grew its holdings in Camtek by 311.8% in the 4th quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company’s stock valued at $96,341,000 after buying an additional 903,126 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Camtek by 32.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company’s stock valued at $91,711,000 after acquiring an additional 279,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Camtek by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company’s stock worth $80,028,000 after acquiring an additional 14,702 shares during the period. Institutional investors and hedge funds own 41.93% of the company’s stock.

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.