Wall Street Zen Downgrades Camtek (NASDAQ:CAMT) to Sell

Camtek (NASDAQ:CAMT) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Other equities analysts also recently issued reports about the stock. Needham & Company LLC increased their price objective on shares of Camtek from $160.00 to $175.00 and gave the stock 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 report on Monday, February 2nd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $145.00 price target on shares of Camtek in a research report on Wednesday, February 18th. B. Riley Financial upped their price objective on Camtek from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Morgan Stanley set a $151.00 price objective on Camtek in a report on Thursday, February 19th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $165.92.

Camtek Price Performance

Shares of CAMT opened at $167.39 on Friday. The company has a quick ratio of 7.31, a current ratio of 8.35 and a debt-to-equity ratio of 0.84. Camtek has a twelve month low of $47.41 and a twelve month high of $174.61. The stock has a market capitalization of $7.63 billion, a P/E ratio of 178.08, a P/E/G ratio of 3.99 and a beta of 1.57. The company has a 50 day moving average of $139.90 and a 200-day moving average of $116.10.

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

Institutional Investors Weigh In On Camtek

Several hedge funds have recently added to or reduced their stakes in CAMT. Lifestyle Asset Management Inc. increased its holdings in shares of Camtek by 2.5% during the fourth 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 grew its position in 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 in the last quarter. Blue Trust Inc. increased its stake in Camtek by 2.8% during the 3rd quarter. Blue Trust Inc. now owns 5,877 shares of the semiconductor company’s stock worth $617,000 after acquiring an additional 161 shares during the period. Geode Capital Management LLC raised its holdings in Camtek by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 39,576 shares of the semiconductor company’s stock valued at $4,209,000 after acquiring an additional 162 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Camtek by 23.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 952 shares of the semiconductor company’s stock valued at $81,000 after acquiring 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.