Camtek (NASDAQ:CAMT) Shares Down 2.7%

Camtek Ltd. (NASDAQ:CAMT) shares were down 2.7% on Tuesday . The company traded as low as $75.07 and last traded at $75.45. Approximately 120,052 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 528,750 shares. The stock had previously closed at $77.51.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. B. Riley lowered their price objective 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. Bank of America boosted their target price on Camtek from $98.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Northland Securities upgraded shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a report on Monday, August 5th. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $140.00 price target on shares of Camtek in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $116.57.

Camtek Trading Down 4.5 %

The business’s 50 day simple moving average is $95.55 and its 200 day simple moving average is $95.79. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 40.40, 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.

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, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $102.60 million during the quarter, compared to the consensus estimate of $101.26 million. Camtek had a net margin of 25.93% and a return on equity of 22.57%. Camtek’s revenue was up 39.4% on a year-over-year basis. During the same period last year, the business posted $0.38 EPS. On average, research analysts expect that Camtek Ltd. will post 2.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CAMT. Headlands Technologies LLC bought a new position in Camtek during the first quarter worth $50,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 buying an additional 466 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Camtek by 524.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after buying an additional 1,238 shares during the period. PNC Financial Services Group Inc. grew its stake in Camtek by 17.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock valued at $158,000 after buying an additional 340 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Camtek in the 4th quarter valued at about $214,000. 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.