Camtek (NASDAQ:CAMT) Downgraded to “Sell” Rating by StockNews.com

Camtek (NASDAQ:CAMT) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other equities analysts also recently weighed in on the stock. Cantor Fitzgerald began coverage on shares of Camtek in a research note on Monday, January 13th. They issued a “neutral” rating and a $100.00 target price for the company. Barclays dropped their price objective on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price objective on shares of Camtek in a research report on Thursday, February 13th. Northland Securities boosted their target price on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group decreased their price target on Camtek from $120.00 to $85.00 and set a “buy” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Camtek has a consensus rating of “Moderate Buy” and an average price target of $110.22.

Camtek Stock Down 6.3 %

Shares of CAMT opened at $59.00 on Friday. The company has a market capitalization of $2.69 billion, a P/E ratio of 24.38, a PEG ratio of 1.89 and a beta of 1.38. Camtek has a one year low of $57.71 and a one year high of $140.50. The business’s 50 day simple moving average is $79.31 and its 200-day simple moving average is $79.76. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data 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 return on equity of 24.99% and a net margin of 27.61%. As a group, sell-side analysts predict that Camtek will post 2.93 EPS for the current fiscal year.

Institutional Trading of Camtek

A number of hedge funds have recently modified their holdings of CAMT. Advisors Asset Management Inc. grew its holdings in Camtek by 78.8% during the third 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 period. Jones Financial Companies Lllp boosted its position in shares of Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 324 shares in the last quarter. Huntington National Bank grew its holdings in shares of Camtek by 42.4% in the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 123 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Camtek in the 3rd quarter valued at $53,000. Finally, State of Wyoming raised its stake in Camtek by 146.2% during the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock worth $163,000 after buying an additional 1,200 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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.