Camtek (NASDAQ:CAMT) Stock Price Down 4.5%

Camtek Ltd. (NASDAQ:CAMT)’s stock price fell 4.5% during mid-day trading on Monday . The company traded as low as $93.06 and last traded at $93.58. 71,450 shares changed hands during trading, a decline of 86% from the average session volume of 522,662 shares. The stock had previously closed at $97.97.

Analysts Set New Price Targets

CAMT has been the subject of several analyst reports. Northland Securities upgraded Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a research note on Monday, August 5th. Barclays increased their target price on shares of Camtek from $90.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Needham & Company LLC reissued a “buy” rating and set a $140.00 price objective on shares of Camtek in a research note on Friday, August 2nd. Finally, Jefferies Financial Group assumed coverage on Camtek in a research report on Monday, May 13th. They set a “buy” rating and a $120.00 target price for the company. 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 company’s stock. According to data from MarketBeat.com, Camtek presently has a consensus rating of “Buy” and an average target price of $109.75.

Camtek Stock Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 3.66 and a quick ratio of 3.08. The stock has a market cap of $4.13 billion, a P/E ratio of 51.79, a price-to-earnings-growth ratio of 1.98 and a beta of 1.41. The company has a 50 day simple moving average of $110.41 and a 200-day simple moving average of $95.67.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $102.60 million during the quarter, compared to analyst estimates of $101.26 million. Camtek had a net margin of 25.93% and a return on equity of 22.79%. The company’s revenue was up 39.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. On average, equities analysts expect that Camtek Ltd. will post 2.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CAMT. Blue Trust Inc. boosted its position in 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 during the period. Petra Financial Advisors Inc. grew its stake in shares of Camtek by 1.5% in the second quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company’s stock worth $1,038,000 after purchasing an additional 120 shares during the last quarter. Ellsworth Advisors LLC increased its holdings in Camtek by 3.4% during the 2nd quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company’s stock valued at $926,000 after purchasing an additional 245 shares during the period. PNC Financial Services Group Inc. raised its position in Camtek by 17.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock valued at $158,000 after purchasing an additional 340 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Camtek by 574.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 379 shares during the last quarter. 41.93% of the stock is owned by hedge funds and other 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.