Camtek (NASDAQ:CAMT) Trading Down 3.5% - Here's What Happened

Camtek Ltd. (NASDAQ:CAMT - Get Free Report)'s share price traded down 3.5% during mid-day trading on Friday . The stock traded as low as $101.67 and last traded at $100.94. 79,397 shares were traded during trading, a decline of 85% from the average session volume of 535,994 shares. The stock had previously closed at $104.65.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $95.00 price target on shares of Camtek in a research note on Wednesday, November 13th. Cantor Fitzgerald initiated coverage on shares of Camtek in a research note on Monday, January 13th. They issued a "neutral" rating and a $100.00 target price on the stock. 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. Northland Securities upped their target price on shares of Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Finally, StockNews.com upgraded shares of Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $112.44.

Camtek Trading Down 3.7 %

The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 46.43, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33. The firm's 50 day moving average is $83.10 and its two-hundred day moving average is $86.82. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38.

Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. The firm had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. Camtek's quarterly revenue was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. Equities analysts anticipate that Camtek Ltd. will post 2.53 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. grew its position 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 last quarter. Northwestern Mutual Wealth Management Co. boosted 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 valued at $59,000 after acquiring an additional 466 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Camtek in the third quarter valued at approximately $53,000. Gateway Wealth Partners LLC bought a new position in shares of Camtek in the second quarter valued at approximately $220,000. Finally, Susquehanna International Group Ltd. bought a new position in shares of Camtek in the second quarter valued at approximately $237,000. Institutional investors 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.