Camtek (NASDAQ:CAMT) Stock Price Down 3.5% – What’s Next?

Camtek Ltd. (NASDAQ:CAMT) was down 3.5% during trading on Friday . The company traded as low as $101.67 and last traded at $100.94. Approximately 79,397 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 535,994 shares. The stock had previously closed at $104.65.

Analysts Set New Price Targets

Several research firms have weighed in on CAMT. Stifel Nicolaus reiterated a “buy” rating and set a $105.00 price objective on shares of Camtek in a research report on Thursday, December 12th. Cantor Fitzgerald initiated coverage on shares of Camtek in a research note on Monday, January 13th. They issued a “neutral” rating and a $100.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and issued a $95.00 price objective on shares of Camtek in a report on Wednesday, November 13th. Northland Securities raised their target price on shares of Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Barclays cut their price target on Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.44.

Camtek Stock Down 3.4 %

The firm has a 50 day simple moving average of $82.05 and a two-hundred day simple moving average of $87.30. The stock has a market capitalization of $4.59 billion, a P/E ratio of 46.63, a PEG ratio of 1.66 and a beta of 1.33. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. The business had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. Camtek’s revenue was up 39.5% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. On average, equities research analysts expect that Camtek Ltd. will post 2.53 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. 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 worth $26,000 after purchasing an additional 145 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Camtek by 1.6% during the third quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company’s stock worth $755,000 after purchasing an additional 148 shares during the last quarter. Prentiss Smith & Co. Inc. increased its stake in shares of Camtek by 10.8% in the fourth quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company’s stock valued at $225,000 after buying an additional 272 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings 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 valued at $59,000 after buying an additional 466 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Camtek by 14.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,851 shares of the semiconductor company’s stock worth $605,000 after acquiring an additional 613 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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.