Camtek (NASDAQ:CAMT) Shares Down 7.5%

Camtek Ltd. (NASDAQ:CAMT) fell 7.5% on Tuesday . The company traded as low as $84.14 and last traded at $84.16. 148,940 shares were traded during mid-day trading, a decline of 71% from the average session volume of 522,190 shares. The stock had previously closed at $91.02.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Camtek in a research note on Monday, May 13th. They set a “buy” rating and a $120.00 price objective on the stock. B. Riley decreased their price objective on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Northland Capmk raised Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Bank of America boosted their price target on Camtek from $98.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Finally, Barclays lifted their price objective on Camtek from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Camtek currently has a consensus rating of “Buy” and a consensus target price of $116.57.

Camtek Stock Down 0.8 %

The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 47.17, a P/E/G ratio of 1.88 and a beta of 1.41. The stock has a 50 day moving average of $106.11 and a 200 day moving average of $96.01.

Camtek (NASDAQ:CAMT) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. Camtek had a return on equity of 22.57% and a net margin of 25.93%. The company had revenue of $102.60 million during the quarter, compared to analyst estimates of $101.26 million. During the same quarter last year, the firm earned $0.38 EPS. The business’s revenue was up 39.4% on a year-over-year basis. As a group, analysts expect that Camtek Ltd. will post 2.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

Institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its stake in Camtek by 23,300.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after buying an additional 466 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Camtek in the 1st quarter worth about $50,000. USA Financial Formulas boosted its stake in Camtek by 1,436.2% during the 4th quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 675 shares during the period. Russell Investments Group Ltd. boosted its stake in Camtek by 524.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 1,238 shares during the period. Finally, Gateway Wealth Partners LLC acquired a new position in Camtek during the 2nd quarter valued at about $220,000. 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.