StockNews.com Downgrades Camtek (NASDAQ:CAMT) to Sell

Camtek (NASDAQ:CAMT) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

A number of other research firms have also commented on CAMT. Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 price target on shares of Camtek in a research report on Friday, August 2nd. B. Riley reduced their price objective on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Camtek has a consensus rating of “Moderate Buy” and an average target price of $116.57.

Camtek Stock Performance

Shares of CAMT stock traded up $6.06 during trading hours on Tuesday, reaching $84.76. 1,575,123 shares of the company’s stock were exchanged, compared to its average volume of 540,459. The business has a fifty day moving average price of $79.51 and a 200-day moving average price of $95.75. Camtek has a fifty-two week low of $59.33 and a fifty-two week high of $140.50. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $3.85 billion, a P/E ratio of 43.25, a P/E/G ratio of 1.61 and a beta of 1.38.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. grew its stake in Camtek by 78.8% during the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 145 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Camtek during the 1st quarter worth about $50,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Camtek by 23,300.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after buying an additional 466 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Camtek by 524.6% during the first quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 1,238 shares during the last quarter. Finally, Gateway Wealth Partners LLC purchased a new position in Camtek in the 2nd quarter worth about $220,000. 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.