Camtek Ltd. (NASDAQ:CAMT - Get Free Report) dropped 6.1% on Monday . The stock traded as low as $88.69 and last traded at $88.80. Approximately 203,907 shares changed hands during trading, a decline of 67% from the average daily volume of 622,119 shares. The stock had previously closed at $94.54.
Wall Street Analyst Weigh In
CAMT has been the subject of a number of research analyst reports. Stifel Nicolaus restated a "buy" rating and issued a $105.00 target price on shares of Camtek in a report on Thursday, December 12th. Cantor Fitzgerald assumed coverage on Camtek in a report on Monday, January 13th. They issued a "neutral" rating and a $100.00 target price on the stock. Needham & Company LLC restated a "buy" rating and set a $95.00 price target on shares of Camtek in a report on Wednesday, November 13th. Barclays dropped their price objective 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. Finally, StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Camtek has an average rating of "Moderate Buy" and a consensus target price of $112.44.
Check Out Our Latest Research Report on Camtek
Camtek Stock Performance
The company has a market cap of $4.14 billion, a price-to-earnings ratio of 42.08, a P/E/G ratio of 1.48 and a beta of 1.34. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36. The firm has a fifty day simple moving average of $85.62 and a 200 day simple moving average of $84.91.
Camtek (NASDAQ:CAMT - Get Free Report) last announced its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The firm had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. During the same quarter last year, the firm posted $0.46 EPS. The business's quarterly revenue was up 39.5% on a year-over-year basis. On average, sell-side analysts expect that Camtek Ltd. will post 2.53 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Clal Insurance Enterprises Holdings Ltd increased its position in Camtek by 10.2% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,670,000 shares of the semiconductor company's stock worth $135,743,000 after acquiring an additional 154,548 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in Camtek by 32.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company's stock worth $91,711,000 after buying an additional 279,000 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Camtek by 9.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company's stock valued at $77,852,000 after acquiring an additional 81,709 shares during the period. Meitav Investment House Ltd. raised its holdings in Camtek by 119.3% in the 4th quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company's stock valued at $66,159,000 after acquiring an additional 445,079 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of Camtek by 107.5% in the 3rd quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company's stock worth $57,548,000 after acquiring an additional 373,400 shares during the period. 41.93% of the stock is owned by institutional investors.
About Camtek
(
Get Free Report)
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.
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