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

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

A number of other equities analysts also recently commented on the company. Northland Securities upgraded 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. Needham & Company LLC reiterated a “buy” rating and set a $140.00 price target on shares of Camtek in a report on Friday, August 2nd. B. Riley decreased their target price on Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Northland Capmk raised 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 sell rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Camtek has a consensus rating of “Moderate Buy” and a consensus target price of $110.57.

Camtek Stock Down 5.7 %

Shares of NASDAQ CAMT opened at $79.91 on Tuesday. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 36.82, a PEG 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 business has a 50-day moving average of $79.43 and a 200-day moving average of $95.64.

Camtek (NASDAQ:CAMT) last released its 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. Camtek had a net margin of 26.53% and a return on equity of 24.84%. The company had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. During the same quarter last year, the firm earned $0.46 EPS. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. Sell-side analysts expect that Camtek will post 2.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Clal Insurance Enterprises Holdings Ltd raised its stake in Camtek by 21.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock valued at $121,734,000 after purchasing an additional 268,258 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Camtek by 7.5% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock worth $68,388,000 after purchasing an additional 60,088 shares during the last quarter. Hood River Capital Management LLC raised its stake in shares of Camtek by 1.9% during the 1st quarter. Hood River Capital Management LLC now owns 691,780 shares of the semiconductor company’s stock worth $57,950,000 after acquiring an additional 13,094 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in Camtek in the first quarter worth $55,026,000. Finally, Y.D. More Investments Ltd grew 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 worth $78,709,000 after buying an additional 550,854 shares during 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.