Camtek (NASDAQ:CAMT) Downgraded by StockNews.com

StockNews.com downgraded shares of Camtek (NASDAQ:CAMT) from a hold rating to a sell rating in a report published on Thursday.

CAMT has been the subject of several other reports. Northland Securities raised shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a research report on Monday, August 5th. Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. B. Riley cut their price objective on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 target price on shares of Camtek in a research report on Friday, August 2nd. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.57.

Camtek Stock Up 0.9 %

Camtek stock opened at $82.37 on Thursday. Camtek has a twelve month low of $48.50 and a twelve month high of $140.50. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21. The firm has a market cap of $3.70 billion, a PE ratio of 46.54, a P/E/G ratio of 1.55 and a beta of 1.38. The firm’s 50 day moving average price is $84.80 and its two-hundred day moving average price is $95.52.

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

Institutional Investors Weigh In On Camtek

Several hedge funds have recently modified their holdings of the business. Headlands Technologies LLC acquired a new position in Camtek during the 1st quarter valued at $50,000. Northwestern Mutual Wealth Management Co. increased its stake in Camtek by 23,300.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 466 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Camtek by 524.6% in the first quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 1,238 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Camtek by 17.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock valued at $158,000 after purchasing an additional 340 shares in the last quarter. Finally, Gateway Wealth Partners LLC bought a new position in Camtek in the second quarter worth $220,000. 41.93% of the stock is owned by institutional investors.

Camtek Company Profile

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.