Camtek (NASDAQ:CAMT) Upgraded by StockNews.com to "Hold" Rating

StockNews.com upgraded shares of Camtek (NASDAQ:CAMT - Free Report) from a sell rating to a hold rating in a report issued on Sunday.

Several other equities research analysts have also recently weighed in on CAMT. Jefferies Financial Group reduced their price target on Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th. Needham & Company LLC reissued a "buy" rating and set a $110.00 price target on shares of Camtek in a research report on Thursday, February 13th. Northland Securities upped their price objective on shares of Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Finally, Barclays decreased their target price 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. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $110.22.

Camtek Trading Down 8.0 %

NASDAQ CAMT traded down $4.99 during trading on Friday, hitting $57.42. The company had a trading volume of 530,827 shares, compared to its average volume of 572,516. The company's fifty day moving average is $70.64 and its 200-day moving average is $78.25. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36. Camtek has a one year low of $47.41 and a one year high of $140.50.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. On average, sell-side analysts predict that Camtek will post 2.93 earnings per share for the current year.

Hedge Funds Weigh In On Camtek

A number of hedge funds have recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd boosted its stake in 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. lifted its holdings in shares of Camtek by 81.8% during the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company's stock valued at $126,521,000 after purchasing an additional 705,000 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of Camtek by 311.8% during the fourth quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company's stock valued at $96,341,000 after buying an additional 903,126 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Camtek by 32.6% in 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 buying an additional 279,000 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Camtek by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company's stock worth $80,028,000 after buying an additional 14,702 shares during the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

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.