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

StockNews.com downgraded shares of Camtek (NASDAQ:CAMT - Free Report) from a hold rating to a sell rating in a research note published on Saturday.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group dropped their price objective on shares of Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Needham & Company LLC restated a "buy" rating and issued a $110.00 price target on shares of Camtek in a report on Thursday, February 13th. Cantor Fitzgerald assumed coverage on Camtek in a research report on Monday, January 13th. They set a "neutral" rating and a $100.00 price objective for the company. Stifel Nicolaus reissued a "buy" rating and issued a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th. Finally, Northland Securities boosted their target price on Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $110.22.

Camtek Trading Up 1.7 %

NASDAQ:CAMT traded up $1.03 on Friday, reaching $60.17. The company's stock had a trading volume of 426,214 shares, compared to its average volume of 563,563. Camtek has a 1-year low of $56.49 and a 1-year high of $140.50. The business's 50-day moving average price is $76.53 and its two-hundred day moving average price is $79.35. The firm has a market cap of $2.74 billion, a PE ratio of 24.86, a PEG ratio of 1.89 and a beta of 1.38. 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (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 anticipate that Camtek will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Camtek

Large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in shares of Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 145 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Camtek by 364.0% during 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 during the period. Huntington National Bank boosted its position in Camtek by 42.4% during the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 123 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Camtek in the 3rd quarter valued at about $53,000. Finally, State of Wyoming grew its position in shares of Camtek by 146.2% in the fourth 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 last quarter. Institutional investors and hedge funds 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.