Camtek (NASDAQ:CAMT) Reaches New 52-Week Low on Analyst Downgrade

Shares of Camtek Ltd. (NASDAQ:CAMT - Get Free Report) hit a new 52-week low during trading on Friday after StockNews.com downgraded the stock from a hold rating to a sell rating. The company 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.

CAMT has been the topic of a number of other research reports. Needham & Company LLC restated a "buy" rating and set a $110.00 target price on shares of Camtek in a report on Thursday, February 13th. Jefferies Financial Group cut 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. Stifel Nicolaus reiterated a "buy" rating and set a $105.00 target price on shares of Camtek in a report on Thursday, December 12th. Northland Securities upped their price target on Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Finally, Barclays lowered their price objective on Camtek from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $110.22.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CAMT. Jones Financial Companies Lllp increased its holdings 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 buying an additional 324 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Camtek by 42.4% during the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Camtek during the 3rd quarter valued at about $53,000. State of Wyoming grew its stake 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 worth $163,000 after acquiring an additional 1,200 shares during the period. Finally, Optimum Investment Advisors raised its holdings in shares of Camtek by 43.3% during the fourth quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company's stock valued at $174,000 after purchasing an additional 650 shares during the last quarter. 41.93% of the stock is owned by institutional investors.

Camtek Trading Up 0.9 %

The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. The stock's 50-day moving average is $78.41 and its two-hundred day moving average is $79.64. The company has a market cap of $2.70 billion, a P/E ratio of 24.50, a P/E/G ratio of 1.89 and a beta of 1.38.

Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share 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%. As a group, equities research analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

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.