Camtek (NASDAQ:CAMT) Shares Gap Down to $81.13

Camtek Ltd. (NASDAQ:CAMT)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $81.13, but opened at $79.25. Camtek shares last traded at $76.64, with a volume of 39,784 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CAMT shares. B. Riley cut their target price on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Northland Securities raised Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a research note on Monday, August 5th. Bank of America raised their price target on Camtek from $98.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Needham & Company LLC restated a “buy” rating and issued a $140.00 price objective 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 research report on Monday, August 5th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $116.57.

Camtek Stock Down 3.1 %

The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 42.23, a PEG ratio of 1.64 and a beta of 1.39. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average price of $96.84 and a 200-day moving average price of $95.96.

Camtek (NASDAQ:CAMT) last issued its quarterly 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. The firm had revenue of $102.60 million for the quarter, compared to analyst estimates of $101.26 million. Camtek had a return on equity of 22.57% and a net margin of 25.93%. The firm’s quarterly revenue was up 39.4% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. As a group, sell-side analysts forecast that Camtek Ltd. will post 2.45 EPS for the current year.

Institutional Investors Weigh In On Camtek

Institutional investors have recently bought and sold shares of the stock. Axiom Investors LLC DE raised its stake in Camtek by 288.5% during the fourth quarter. Axiom Investors LLC DE now owns 90,310 shares of the semiconductor company’s stock worth $6,266,000 after purchasing an additional 67,067 shares during the period. Sei Investments Co. boosted its holdings in Camtek by 41.5% in the first quarter. Sei Investments Co. now owns 94,473 shares of the semiconductor company’s stock valued at $7,914,000 after acquiring an additional 27,707 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Camtek by 5.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 171,810 shares of the semiconductor company’s stock valued at $11,920,000 after acquiring an additional 8,368 shares during the period. Quadrature Capital Ltd acquired a new stake in Camtek during the fourth quarter worth about $10,704,000. Finally, Jennison Associates LLC raised its holdings in shares of Camtek by 383.1% in the 1st quarter. Jennison Associates LLC now owns 23,015 shares of the semiconductor company’s stock worth $1,928,000 after purchasing an additional 18,251 shares during the period. 41.93% of the stock is currently owned by hedge funds and other 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.