Camtek (NASDAQ:CAMT) Reaches New 12-Month Low – What’s Next?

Camtek Ltd. (NASDAQ:CAMT) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $62.13 and last traded at $62.78, with a volume of 28748 shares. The stock had previously closed at $62.76.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Northland Securities lifted their price target on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Stifel Nicolaus reissued a “buy” rating and set a $105.00 target price on shares of Camtek in a report on Thursday, December 12th. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Barclays lowered their price objective on Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Cantor Fitzgerald assumed coverage on shares of Camtek in a report on Monday, January 13th. They issued a “neutral” rating and a $100.00 target price on the stock. Two 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $114.11.

Camtek Price Performance

The firm has a market capitalization of $2.88 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38. The business has a 50-day moving average of $83.77 and a 200 day moving average of $80.70. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. On average, sell-side analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. raised its stake 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 worth $26,000 after purchasing an additional 145 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in Camtek by 21.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock worth $121,734,000 after buying an additional 268,258 shares in the last quarter. Alpha DNA Investment Management LLC raised its position in Camtek by 33.3% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 5,244 shares of the semiconductor company’s stock valued at $419,000 after buying an additional 1,310 shares during the last quarter. Truvestments Capital LLC lifted its stake in Camtek by 7.3% during the 3rd quarter. Truvestments Capital LLC now owns 11,813 shares of the semiconductor company’s stock valued at $943,000 after acquiring an additional 799 shares in the last quarter. Finally, Mirabella Financial Services LLP boosted its holdings in Camtek by 38.4% during the 3rd quarter. Mirabella Financial Services LLP now owns 12,096 shares of the semiconductor company’s stock worth $927,000 after acquiring an additional 3,356 shares during the last quarter. 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.