Camtek (NASDAQ:CAMT) Hits New 1-Year Low - Should You Sell?

Camtek Ltd. (NASDAQ:CAMT - Get Free Report)'s share price hit a new 52-week low on Wednesday . The stock traded as low as $62.13 and last traded at $62.78, with a volume of 28748 shares. The stock had previously closed at $62.76.

Analyst Ratings Changes

Several brokerages have weighed in on CAMT. Cantor Fitzgerald began coverage on shares of Camtek in a research note on Monday, January 13th. They issued a "neutral" rating and a $100.00 price objective for the company. Northland Securities lifted their price objective on shares of Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Stifel Nicolaus reiterated a "buy" rating and issued a $105.00 price objective on shares of Camtek in a research note on Thursday, December 12th. Barclays dropped their price objective on shares of Camtek from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Finally, Needham & Company LLC restated a "buy" rating and issued a $110.00 target price on shares of Camtek in a research report on Thursday, February 13th. Two research 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $114.11.

Camtek Stock Down 2.6 %

The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 1.89 and a beta of 1.38. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36. The firm's 50-day moving average price is $82.32 and its 200 day moving average price is $80.29.

Remove Ads

Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings results 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%. On average, sell-side analysts forecast that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Camtek

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Camtek by 10.2% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,670,000 shares of the semiconductor company's stock valued at $135,743,000 after purchasing an additional 154,548 shares during the last quarter. Menora Mivtachim Holdings LTD. grew its holdings in Camtek by 81.8% during the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company's stock worth $126,521,000 after acquiring an additional 705,000 shares during the last quarter. Wasatch Advisors LP grew its holdings in Camtek by 311.8% during the 4th quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company's stock worth $96,341,000 after acquiring an additional 903,126 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Camtek by 32.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company's stock worth $91,711,000 after acquiring an additional 279,000 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Camtek by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company's stock worth $80,028,000 after acquiring an additional 14,702 shares during the last quarter. 41.93% of the stock is owned by 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.