Camtek (NASDAQ:CAMT) Trading Down 6.7% – What’s Next?

Camtek Ltd. (NASDAQ:CAMT)’s share price fell 6.7% on Tuesday . The stock traded as low as $182.11 and last traded at $184.47. Approximately 309,597 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 505,747 shares. The stock had previously closed at $197.75.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Weiss Ratings upgraded Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 14th. The Goldman Sachs Group restated a “neutral” rating and issued a $145.00 price objective on shares of Camtek in a research report on Wednesday, February 18th. Northland Securities set a $174.00 target price on Camtek in a research note on Wednesday, May 13th. Oppenheimer increased their target price on Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Morgan Stanley lifted their price target on shares of Camtek from $161.00 to $163.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $174.33.

Camtek Trading Up 9.3%

The company has a fifty day moving average of $178.89 and a 200-day moving average of $154.27. The company has a current ratio of 8.35, a quick ratio of 7.46 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 223.83, a PEG ratio of 4.38 and a beta of 1.54.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $120.15 million. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.79 earnings per share. As a group, equities research analysts anticipate that Camtek Ltd. will post 3.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAMT. Fifth Third Bancorp purchased a new stake in shares of Camtek during the first quarter worth $42,000. EverSource Wealth Advisors LLC boosted its position in Camtek by 46.8% during the first quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 95 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Camtek by 202.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 200 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Camtek during the 3rd quarter valued at about $32,000. Finally, Global Retirement Partners LLC purchased a new stake in Camtek during the 4th quarter valued at about $52,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

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.