Camtek (NASDAQ:CAMT) Trading Down 3.9%

Camtek Ltd. (NASDAQ:CAMT) shares were down 3.9% on Friday . The stock traded as low as $82.24 and last traded at $82.51. Approximately 311,211 shares were traded during trading, a decline of 43% from the average daily volume of 545,574 shares. The stock had previously closed at $85.90.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CAMT shares. Northland Securities upgraded shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a report on Monday, August 5th. B. Riley dropped their price objective on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Needham & Company LLC restated a “buy” rating and set a $140.00 target price on shares of Camtek in a research report on Friday, August 2nd. Finally, Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Camtek has an average rating of “Buy” and an average price target of $116.57.

Camtek Trading Down 3.8 %

The business has a 50 day moving average of $89.40 and a two-hundred day moving average of $95.57. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 46.71, a P/E/G ratio of 1.43 and a beta of 1.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21.

Camtek (NASDAQ:CAMT) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Camtek had a return on equity of 22.57% and a net margin of 25.93%. The company had revenue of $102.60 million for the quarter, compared to analysts’ expectations of $101.26 million. During the same period last year, the business earned $0.38 EPS. Camtek’s quarterly revenue was up 39.4% compared to the same quarter last year. Equities analysts predict that Camtek Ltd. will post 2.45 EPS for the current year.

Institutional Investors Weigh In On Camtek

Several hedge funds and other institutional investors have recently made changes to their positions in CAMT. Blue Trust Inc. boosted its stake in Camtek by 4.1% during the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock valued at $341,000 after purchasing an additional 108 shares during the last quarter. Petra Financial Advisors Inc. grew its holdings in Camtek by 1.5% during the second quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company’s stock worth $1,038,000 after buying an additional 120 shares in the last quarter. Ellsworth Advisors LLC raised its position in Camtek by 3.4% in the 2nd quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company’s stock valued at $926,000 after buying an additional 245 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Camtek by 17.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock valued at $158,000 after acquiring an additional 340 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Camtek by 23,300.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 466 shares in the last quarter. 41.93% of the stock is owned by 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.