Camtek (NASDAQ:CAMT) Shares Gap Down – Here’s What Happened

Camtek Ltd. (NASDAQ:CAMT) gapped down before the market opened on Tuesday . The stock had previously closed at $207.46, but opened at $192.36. Camtek shares last traded at $181.4950, with a volume of 243,169 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CAMT. Stifel Nicolaus reiterated a “hold” rating and set a $185.00 price objective on shares of Camtek in a report on Friday, April 17th. Needham & Company LLC upped their price objective on shares of Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday. Wall Street Zen upgraded shares of Camtek from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Oppenheimer upped their price objective on shares of Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Zacks Research upgraded shares of Camtek from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $174.33.

Camtek Trading Up 1.5%

The company has a quick ratio of 7.31, a current ratio of 8.35 and a debt-to-equity ratio of 0.84. The firm’s 50-day moving average price is $172.72 and its 200 day moving average price is $143.24. The company has a market capitalization of $7.85 billion, a P/E ratio of 196.97, a P/E/G ratio of 4.11 and a beta of 1.61.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Camtek had a net margin of 9.63% and a return on equity of 22.95%. The business had revenue of $121.66 million during the quarter, compared to the consensus estimate of $120.15 million. During the same period in the prior year, the firm posted $0.79 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts predict that Camtek Ltd. will post 3.12 earnings per share for the current year.

Institutional Investors Weigh In On Camtek

Institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in Camtek in the 1st quarter worth about $42,000. Daiwa Securities Group Inc. grew its position in Camtek by 202.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 200 shares in the last quarter. Advisory Services Network LLC bought a new stake in Camtek in the 3rd quarter worth about $32,000. Global Retirement Partners LLC bought a new position in shares of Camtek during the 4th quarter valued at approximately $52,000. Finally, Rothschild Investment LLC bought a new position in shares of Camtek during the 3rd quarter valued at approximately $54,000. 41.93% of the stock is owned by institutional investors.

About Camtek

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.