Camtek (NASDAQ:CAMT) Cut to Sell at StockNews.com

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

Other analysts have also issued research reports about the company. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 target price on shares of Camtek in a research note on Thursday, December 12th. Cantor Fitzgerald began coverage on shares of Camtek in a research note on Monday, January 13th. They set a “neutral” rating and a $100.00 price objective on the stock. Northland Securities boosted 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. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price target on shares of Camtek in a research report on Thursday, February 13th. Finally, Barclays decreased their price objective on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $110.22.

Camtek Price Performance

Camtek stock opened at $58.63 on Friday. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. Camtek has a 52-week low of $56.49 and a 52-week high of $140.50. The firm’s fifty day moving average is $78.41 and its 200 day moving average is $79.64. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 1.89 and a beta of 1.38.

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

Institutional Trading of Camtek

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Huntington National Bank raised its holdings in Camtek by 42.4% in the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 123 shares during the period. Advisors Asset Management Inc. lifted 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 buying an additional 145 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Camtek by 3.3% in the fourth quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company’s stock valued at $427,000 after purchasing an additional 171 shares during the last quarter. Prentiss Smith & Co. Inc. increased its holdings 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 purchasing an additional 272 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 324 shares during the period. 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.