Camtek (NASDAQ:CAMT) Trading Down 4.2% – Should You Sell?

Shares of Camtek Ltd. (NASDAQ:CAMT) traded down 4.2% on Monday . The company traded as low as $71.82 and last traded at $71.82. 56,689 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 536,869 shares. The stock had previously closed at $74.94.

Wall Street Analyst Weigh In

CAMT has been the subject of several research analyst reports. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. B. Riley decreased their price objective on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Needham & Company LLC reissued a “buy” rating and set a $95.00 target price on shares of Camtek in a report on Wednesday, November 13th. Finally, Northland Securities upped their price target on shares of Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Camtek presently has a consensus rating of “Buy” and an average target price of $110.57.

Camtek Price Performance

The stock has a market capitalization of $3.25 billion, a PE ratio of 32.93, a P/E/G ratio of 1.36 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 4.36. The stock’s fifty day moving average is $78.92 and its 200-day moving average is $95.40.

Camtek (NASDAQ:CAMT) last posted its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The business had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. During the same period in the prior year, the company posted $0.46 EPS. The company’s revenue for the quarter was up 39.5% on a year-over-year basis. As a group, equities analysts predict that Camtek Ltd. will post 2.53 earnings per share for the current fiscal year.

Institutional Trading of Camtek

Institutional investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its position in shares of Camtek by 4.1% during the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock valued at $341,000 after buying an additional 108 shares in the last quarter. Petra Financial Advisors Inc. lifted its holdings in Camtek by 1.5% during the second quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company’s stock valued at $1,038,000 after purchasing an additional 120 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Camtek by 78.8% during the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. Van ECK Associates Corp increased its stake 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 in the last quarter. Finally, Ellsworth Advisors LLC increased its stake in shares of Camtek by 3.4% during the second quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company’s stock worth $926,000 after purchasing an additional 245 shares in the last quarter. 41.93% of the stock is 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.