Camtek (NASDAQ:CAMT) Reaches New 12-Month Low – What’s Next?

Camtek Ltd. (NASDAQ:CAMT)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $62.13 and last traded at $62.78, with a volume of 28748 shares trading hands. The stock had previously closed at $62.76.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CAMT shares. Northland Securities boosted their target price on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Barclays cut their price objective on Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Cantor Fitzgerald initiated coverage on Camtek in a research report on Monday, January 13th. They set a “neutral” rating and a $100.00 target price for the company. StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $110.00 price objective on shares of Camtek in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Camtek presently has an average rating of “Moderate Buy” and an average price target of $114.11.

Camtek Price Performance

The stock has a market cap of $2.88 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. The business’s 50-day simple moving average is $83.77 and its two-hundred day simple moving average is $80.70.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Sell-side analysts expect that Camtek Ltd. will post 2.93 EPS for the current year.

Institutional Investors Weigh In On Camtek

Several large investors have recently added to or reduced their stakes in CAMT. Advisors Asset Management Inc. increased its stake in Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 145 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 324 shares in the last quarter. Huntington National Bank increased its position in shares of Camtek by 42.4% in the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Camtek in the third quarter valued at approximately $53,000. Finally, State of Wyoming lifted its position in Camtek by 146.2% during the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 1,200 shares during the last quarter. 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.