Camtek (NASDAQ:CAMT) Hits New 1-Year Low After Analyst Downgrade

Camtek Ltd. (NASDAQ:CAMT) hit a new 52-week low during trading on Friday after Jefferies Financial Group lowered their price target on the stock from $120.00 to $85.00. Jefferies Financial Group currently has a buy rating on the stock. Camtek traded as low as $61.43 and last traded at $61.55, with a volume of 19340 shares. The stock had previously closed at $62.97.

Several other equities research analysts also recently weighed in on CAMT. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of Camtek in a research report on Thursday, February 13th. Cantor Fitzgerald began coverage on Camtek in a research report on Monday, January 13th. They issued a “neutral” rating and a $100.00 target price on the stock. 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. Stifel Nicolaus reissued a “buy” rating and set a $105.00 price objective on shares of Camtek in a report on Thursday, December 12th. Finally, Barclays cut their target price on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.22.

Hedge Funds Weigh In On Camtek

Institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. boosted its stake in Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 145 shares during the period. Jones Financial Companies Lllp lifted its stake in Camtek by 364.0% in the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 324 shares in the last quarter. Huntington National Bank boosted its position in Camtek by 42.4% during 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 period. Wilmington Savings Fund Society FSB purchased a new position in Camtek during the 3rd quarter valued at about $53,000. Finally, State of Wyoming increased its holdings in shares of Camtek by 146.2% in the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 1,200 shares during the period. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Stock Down 3.7 %

The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $2.77 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38. The business’s 50-day moving average price is $80.20 and its 200-day moving average price is $79.88.

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

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.