Camtek (NASDAQ:CAMT) Downgraded by StockNews.com to Sell

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

CAMT has been the subject of a number of other research reports. Jefferies Financial Group cut their target price on shares of Camtek from $120.00 to $85.00 and set a “buy” rating for the company in a research report on Friday. Stifel Nicolaus restated a “buy” rating and set a $105.00 target price on shares of Camtek in a research note on Thursday, December 12th. Cantor Fitzgerald began coverage on Camtek in a report on Monday, January 13th. They issued a “neutral” rating and a $100.00 target price on the stock. Barclays cut their price target on Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $110.00 price objective on shares of Camtek in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.22.

Camtek Stock Performance

Shares of NASDAQ CAMT opened at $59.00 on Friday. The business’s 50-day simple moving average is $79.31 and its 200-day simple moving average is $79.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. Camtek has a 52 week low of $57.71 and a 52 week high of $140.50. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 1.89 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. As a group, equities research analysts expect that Camtek will post 2.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its holdings in 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. Jones Financial Companies Lllp increased its stake in Camtek by 364.0% in the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 324 shares during the period. Huntington National Bank raised its position in Camtek by 42.4% in the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Camtek during the third quarter worth about $53,000. Finally, State of Wyoming grew its stake in shares of Camtek by 146.2% in the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 1,200 shares during the period. 41.93% of the stock is owned by institutional investors.

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.