Camtek (NASDAQ:CAMT) Stock Price Down 3.5% – What’s Next?

Camtek Ltd. (NASDAQ:CAMT) shares were down 3.5% on Friday . The company traded as low as $101.67 and last traded at $100.94. Approximately 79,397 shares changed hands during trading, a decline of 85% from the average daily volume of 535,994 shares. The stock had previously closed at $104.65.

Wall Street Analyst Weigh In

CAMT has been the subject of a number of recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price target on shares of Camtek in a research note on Thursday, December 12th. Needham & Company LLC reissued a “buy” rating and set a $95.00 price target on shares of Camtek in a research report on Wednesday, November 13th. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Northland Securities increased their price target on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Cantor Fitzgerald assumed coverage on shares of Camtek in a report on Monday, January 13th. They issued a “neutral” rating and a $100.00 price objective on the stock. 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.44.

Camtek Stock Performance

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 stock’s 50-day moving average price is $83.10 and its 200-day moving average price is $86.82. The company has a market cap of $4.57 billion, a P/E ratio of 46.43, a PEG ratio of 1.66 and a beta of 1.33.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $108.51 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. Equities analysts anticipate that Camtek Ltd. will post 2.53 EPS for the current year.

Institutional Investors Weigh In On Camtek

Large investors have recently added to or reduced their stakes in the stock. Meitav Investment House Ltd. lifted its position in shares of Camtek by 14.1% during the 3rd quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company’s stock valued at $29,887,000 after acquiring an additional 46,016 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its stake in Camtek by 21.5% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock valued at $121,734,000 after purchasing an additional 268,258 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Camtek in the second quarter valued at about $1,423,000. Millennium Management LLC lifted its position in Camtek by 34.0% during the second quarter. Millennium Management LLC now owns 217,617 shares of the semiconductor company’s stock worth $27,254,000 after purchasing an additional 55,234 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in Camtek by 7.5% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock worth $68,388,000 after buying an additional 60,088 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

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.