Camtek (NASDAQ:CAMT) Stock Rating Lowered by StockNews.com

Camtek (NASDAQ:CAMT) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

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

Camtek Stock Up 0.5 %

Shares of NASDAQ CAMT opened at $82.82 on Thursday. The company has a 50 day simple moving average of $84.60 and a 200 day simple moving average of $95.52. The firm has a market cap of $3.72 billion, a PE ratio of 46.79, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. Camtek has a 1 year low of $48.50 and a 1 year high of $140.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 4.29.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The business had revenue of $102.60 million during the quarter, compared to analyst estimates of $101.26 million. During the same quarter last year, the business earned $0.38 EPS. The firm’s quarterly revenue was up 39.4% on a year-over-year basis. On average, research analysts forecast that Camtek will post 2.45 EPS for the current year.

Institutional Trading of Camtek

Several hedge funds have recently modified their holdings of CAMT. Lord Abbett & CO. LLC bought a new stake in shares of Camtek in the 1st quarter valued at $55,026,000. Y.D. More Investments Ltd increased its stake in Camtek by 723.7% during the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock valued at $78,709,000 after purchasing an additional 550,854 shares in the last quarter. Fred Alger Management LLC bought a new stake in Camtek during the 2nd quarter valued at $8,386,000. Millennium Management LLC increased its stake in Camtek by 34.0% during the 2nd quarter. Millennium Management LLC now owns 217,617 shares of the semiconductor company’s stock valued at $27,254,000 after purchasing an additional 55,234 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in Camtek by 5.7% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 882,165 shares of the semiconductor company’s stock valued at $73,899,000 after purchasing an additional 47,900 shares in the last quarter. Institutional investors 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.