Camtek (NASDAQ:CAMT) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Camtek (NASDAQ:CAMT) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Other research analysts have also issued reports about the company. Evercore reiterated an “outperform” rating and set a $190.00 price objective on shares of Camtek in a research note on Wednesday, February 18th. Needham & Company LLC increased their price target on Camtek from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Zacks Research raised Camtek from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Camtek in a report on Monday, December 29th. Finally, B. Riley Financial increased their target price on Camtek from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $165.92.

Camtek Stock Up 2.4%

Camtek stock opened at $171.47 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 8.35 and a quick ratio of 7.31. Camtek has a fifty-two week low of $47.41 and a fifty-two week high of $174.61. The firm has a fifty day moving average price of $141.21 and a two-hundred day moving average price of $117.10. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 182.42, a P/E/G ratio of 3.96 and a beta of 1.53.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.02). Camtek had a net margin of 10.23% and a return on equity of 23.61%. The business had revenue of $128.12 million during the quarter, compared to analyst estimates of $127.10 million. During the same period in the prior year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, analysts forecast that Camtek will post 2.93 earnings per share for the current year.

Institutional Trading of Camtek

A number of hedge funds have recently modified their holdings of the stock. Lifestyle Asset Management Inc. lifted its position in shares of Camtek by 2.5% in the 4th quarter. Lifestyle Asset Management Inc. now owns 4,764 shares of the semiconductor company’s stock worth $507,000 after purchasing an additional 115 shares during the period. HBK Sorce Advisory LLC increased its position in shares of Camtek by 1.4% during the second quarter. HBK Sorce Advisory LLC now owns 8,645 shares of the semiconductor company’s stock worth $731,000 after buying an additional 121 shares during the period. Blue Trust Inc. raised its stake in Camtek by 2.8% during the third quarter. Blue Trust Inc. now owns 5,877 shares of the semiconductor company’s stock worth $617,000 after buying an additional 161 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Camtek by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 39,576 shares of the semiconductor company’s stock valued at $4,209,000 after buying an additional 162 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in Camtek by 23.8% in the second quarter. Advisors Asset Management Inc. now owns 952 shares of the semiconductor company’s stock valued at $81,000 after buying an additional 183 shares during the period. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Company Profile

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.