Camtek (NASDAQ:CAMT) Shares Down 4.2% – Should You Sell?

Camtek Ltd. (NASDAQ:CAMT)’s stock price was down 4.2% during mid-day trading on Monday . The company traded as low as $71.82 and last traded at $71.82. Approximately 56,689 shares traded hands during trading, a decline of 89% from the average daily volume of 536,869 shares. The stock had previously closed at $74.94.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CAMT shares. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. B. Riley dropped their price target on Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Northland Securities increased their price objective on shares of Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $95.00 price objective on shares of Camtek in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Camtek presently has a consensus rating of “Buy” and a consensus target price of $110.57.

Camtek Stock Up 1.1 %

The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $3.26 billion, a P/E ratio of 32.77, a PEG ratio of 1.30 and a beta of 1.38. The stock has a 50 day moving average price of $78.73 and a 200 day moving average price of $95.12.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The firm had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. During the same period last year, the firm posted $0.46 earnings per share. The business’s revenue for the quarter was up 39.5% on a year-over-year basis. On average, research analysts anticipate that Camtek Ltd. will post 2.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camtek

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its position in shares of Camtek by 524.6% in the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 1,238 shares during the last quarter. Tidal Investments LLC bought a new position in Camtek during the 1st quarter worth approximately $1,716,000. Ellsworth Advisors LLC lifted its position in shares of Camtek by 3.4% in the 2nd quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company’s stock worth $926,000 after purchasing an additional 245 shares during the period. Blue Trust Inc. boosted its stake in shares of Camtek by 4.1% in the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock valued at $341,000 after purchasing an additional 108 shares during the last quarter. Finally, Petra Financial Advisors Inc. increased its position in shares of Camtek by 1.5% during the second quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company’s stock worth $1,038,000 after buying an additional 120 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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.