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

StockNews.com lowered shares of Camtek (NASDAQ:CAMT) from a hold rating to a sell rating in a research note released on Monday morning.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group dropped their price target on shares of Camtek from $120.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Barclays decreased their price target on Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Northland Securities boosted their price objective on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and set a $110.00 target price on shares of Camtek in a research report on Thursday, February 13th. Finally, Cantor Fitzgerald initiated coverage on Camtek in a report on Monday, January 13th. They issued a “neutral” rating and a $100.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Camtek has a consensus rating of “Moderate Buy” and an average target price of $110.22.

Camtek Stock Performance

NASDAQ CAMT opened at $60.15 on Monday. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.89 and a beta of 1.42. 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 has a twelve month low of $47.41 and a twelve month high of $140.50. The stock has a fifty day simple moving average of $69.41 and a 200 day simple moving average of $77.92.

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 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%. Sell-side analysts expect that Camtek will post 2.93 EPS for the current year.

Institutional Investors Weigh In On Camtek

A number of hedge funds have recently added to or reduced their stakes in CAMT. Jones Financial Companies Lllp grew its position in Camtek by 364.0% in the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 324 shares during the period. Huntington National Bank lifted its stake in shares of Camtek by 42.4% in the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Camtek during the third quarter valued at about $53,000. State of Wyoming increased its position in shares of Camtek by 146.2% during the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock worth $163,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Optimum Investment Advisors raised its holdings in shares of Camtek by 43.3% in the 4th quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company’s stock worth $174,000 after acquiring an additional 650 shares during the last quarter. 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.