Camtek (NASDAQ:CAMT) Reaches New 52-Week Low on Analyst Downgrade

Camtek Ltd. (NASDAQ:CAMT)’s share price hit a new 52-week low on Friday after Jefferies Financial Group lowered their price target on the stock from $120.00 to $85.00. Jefferies Financial Group currently has a buy rating on the stock. Camtek traded as low as $61.43 and last traded at $61.55, with a volume of 19340 shares trading hands. The stock had previously closed at $62.97.

Several other research firms also recently weighed in on CAMT. Stifel Nicolaus restated a “buy” rating and issued a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th. Northland Securities raised their price objective on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Cantor Fitzgerald initiated coverage on shares of Camtek in a research note on Monday, January 13th. They set a “neutral” rating and a $100.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 target price on shares of Camtek in a research report on Thursday, February 13th. Finally, Barclays lowered their price target on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.22.

Institutional Investors Weigh In On Camtek

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in shares of Camtek by 45.6% in the 4th quarter. Wellington Management Group LLP now owns 148,590 shares of the semiconductor company’s stock valued at $12,002,000 after buying an additional 46,512 shares during the period. Mackenzie Financial Corp lifted its holdings in Camtek by 71.2% in the fourth quarter. Mackenzie Financial Corp now owns 15,062 shares of the semiconductor company’s stock valued at $1,217,000 after acquiring an additional 6,266 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Camtek by 9.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 89,048 shares of the semiconductor company’s stock worth $7,200,000 after acquiring an additional 7,962 shares during the period. Value Aligned Research Advisors LLC increased its stake in Camtek by 3.2% during the fourth quarter. Value Aligned Research Advisors LLC now owns 229,583 shares of the semiconductor company’s stock worth $18,543,000 after acquiring an additional 7,217 shares during the last quarter. Finally, Palisades Investment Partners LLC increased its stake in Camtek by 9.8% during the fourth quarter. Palisades Investment Partners LLC now owns 64,709 shares of the semiconductor company’s stock worth $5,227,000 after acquiring an additional 5,789 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Price Performance

The stock has a 50-day simple moving average of $79.31 and a 200 day simple moving average of $79.76. The company has a market cap of $2.69 billion, a PE ratio of 24.38, a P/E/G ratio of 1.89 and a beta of 1.38. The company has a quick ratio of 4.11, a current ratio of 5.00 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%. Equities analysts expect that Camtek Ltd. will post 2.93 EPS for the current year.

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.