Camtek (NASDAQ:CAMT) Stock Rating Lowered by StockNews.com

Camtek (NASDAQ:CAMT) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

CAMT has been the subject of several other reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Camtek in a research report on Thursday, February 13th. Jefferies Financial Group decreased their target price on Camtek from $120.00 to $85.00 and set a “buy” rating for the company in a report on Friday. Barclays reduced their price target 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. Cantor Fitzgerald assumed coverage on shares of Camtek in a research note on Monday, January 13th. They issued a “neutral” rating and a $100.00 price objective on the stock. Finally, Northland Securities upped their price target on shares of Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.22.

Camtek Trading Down 6.3 %

Shares of NASDAQ CAMT opened at $59.00 on Friday. Camtek has a 1-year low of $57.71 and a 1-year high of $140.50. The business has a fifty day moving average price of $79.31 and a 200 day moving average price of $79.78. The stock has a market capitalization of $2.69 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS 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%. Equities research analysts expect that Camtek will post 2.93 EPS for the current fiscal year.

Institutional Trading of Camtek

A number of institutional investors and hedge funds have recently made changes to their positions in CAMT. Advisors Asset Management Inc. lifted its position in shares of Camtek by 78.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 145 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in 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. Huntington National Bank lifted its holdings in Camtek by 42.4% during the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Camtek in the third quarter valued at about $53,000. Finally, State of Wyoming increased its stake in shares of Camtek by 146.2% during the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 1,200 shares in the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

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.