Camtek (NASDAQ:CAMT) Cut to Sell at StockNews.com

Camtek (NASDAQ:CAMT) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

A number of other equities analysts also recently commented on the stock. B. Riley reduced their target price on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Northland Securities upgraded Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price objective for the company in a research report on Monday, August 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $140.00 target price on shares of Camtek in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $110.57.

Camtek Stock Down 5.7 %

Shares of NASDAQ CAMT opened at $79.91 on Tuesday. The stock has a market cap of $3.63 billion, a PE ratio of 36.82, a P/E/G ratio of 1.70 and a beta of 1.38. The company has a current ratio of 5.21, a quick ratio of 4.29 and a debt-to-equity ratio of 0.42. Camtek has a 12-month low of $59.33 and a 12-month high of $140.50. The company has a 50-day moving average of $79.43 and a 200 day moving average of $95.64.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. The firm had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $108.51 million. Camtek had a return on equity of 24.84% and a net margin of 26.53%. The business’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. As a group, sell-side analysts predict that Camtek will post 2.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CAMT. Advisors Asset Management Inc. boosted its stake in shares of Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 145 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings 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 worth $59,000 after acquiring an additional 466 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Camtek in the 1st quarter valued at approximately $50,000. Russell Investments Group Ltd. increased its position in shares of Camtek by 524.6% in the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 1,238 shares during the last quarter. Finally, Gateway Wealth Partners LLC acquired a new stake in shares of Camtek in the 2nd quarter valued at $220,000. 41.93% of the stock is owned by institutional investors and hedge funds.

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.