Camtek (NASDAQ:CAMT) Shares Down 5.8% – Time to Sell?

Camtek Ltd. (NASDAQ:CAMT)’s stock price fell 5.8% during trading on Friday . The stock traded as low as $65.00 and last traded at $65.00. 197,815 shares traded hands during trading, a decline of 65% from the average session volume of 567,061 shares. The stock had previously closed at $68.97.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CAMT shares. Bank of America cut their target price on Camtek from $105.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Barclays reduced their price objective on shares of Camtek from $120.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Cantor Fitzgerald assumed coverage on shares of Camtek in a research note on Monday, January 13th. They set a “neutral” rating and a $100.00 target price on the stock. StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, April 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Camtek in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.13.

Camtek Trading Down 3.5 %

The stock has a 50-day moving average of $62.93 and a two-hundred day moving average of $75.75. The company has a market cap of $3.04 billion, a P/E ratio of 27.51, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00.

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

Institutional Investors Weigh In On Camtek

A number of institutional investors have recently made changes to their positions in CAMT. 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 acquiring an additional 123 shares during the last quarter. Cetera Investment Advisers raised its stake 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 worth $427,000 after purchasing an additional 171 shares during the last quarter. Prentiss Smith & Co. Inc. raised 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 worth $225,000 after purchasing an additional 272 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 324 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Camtek by 9.0% during the first quarter. Blue Trust Inc. now owns 4,237 shares of the semiconductor company’s stock valued at $248,000 after buying an additional 351 shares during the last quarter. Hedge funds and other institutional investors own 41.93% of the company’s stock.

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.