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

StockNews.com cut shares of Camtek (NASDAQ:CAMT) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

Several other research firms have also recently weighed in on CAMT. Northland Capmk raised Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Needham & Company LLC restated a “buy” rating and set a $140.00 price target on shares of Camtek in a research note on Friday, August 2nd. Northland Securities raised shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price target for the company in a research report on Monday, August 5th. Finally, B. Riley dropped their price objective on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.57.

Camtek Trading Down 5.9 %

Camtek stock opened at $74.07 on Tuesday. Camtek has a one year low of $59.33 and a one year high of $140.50. The business’s fifty day moving average is $79.27 and its 200 day moving average is $95.46. The stock has a market capitalization of $3.36 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 1.50 and a beta of 1.38. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.29.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $112.30 million during the quarter, compared to analyst estimates of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The business’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 earnings per share. On average, sell-side analysts predict that Camtek will post 2.45 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its position in shares of Camtek by 78.8% in the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 145 shares in the last quarter. Headlands Technologies LLC purchased a new position in Camtek in the 1st quarter worth approximately $50,000. Northwestern Mutual Wealth Management Co. boosted its stake in Camtek by 23,300.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 466 shares during the period. Russell Investments Group Ltd. grew its holdings in Camtek by 524.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 1,238 shares in the last quarter. Finally, Gateway Wealth Partners LLC bought a new stake in shares of Camtek during the second quarter valued at approximately $220,000. 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.