Camtek (NASDAQ:CAMT) Reaches New 1-Year Low – Should You Sell?

Camtek Ltd. (NASDAQ:CAMT)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $54.19 and last traded at $55.01, with a volume of 71996 shares traded. The stock had previously closed at $60.17.

Analyst Ratings Changes

A number of analysts have recently issued reports on CAMT shares. Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Camtek in a report on Thursday, February 13th. Cantor Fitzgerald started coverage on shares of Camtek in a research note on Monday, January 13th. They set a “neutral” rating and a $100.00 price objective on the stock. Northland Securities raised their target price on shares of Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Jefferies Financial Group dropped their price target on Camtek from $120.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Finally, Stifel Nicolaus restated a “buy” rating and set a $105.00 price objective on shares of Camtek in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $110.22.

Camtek Stock Down 4.1 %

The stock has a market cap of $2.31 billion, a P/E ratio of 20.89, a P/E/G ratio of 1.89 and a beta of 1.38. The firm has a 50 day simple moving average of $74.49 and a two-hundred day simple moving average of $78.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00.

Camtek (NASDAQ:CAMT) last released its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Equities research analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current year.

Institutional Trading of Camtek

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its position in shares of Camtek by 364.0% in the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 324 shares during the period. Huntington National Bank boosted its holdings in shares of Camtek by 42.4% during 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 period. Wilmington Savings Fund Society FSB purchased a new position in Camtek during the third quarter valued at approximately $53,000. State of Wyoming increased its stake in Camtek by 146.2% in the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock valued at $163,000 after buying an additional 1,200 shares during the period. Finally, Optimum Investment Advisors lifted its position in Camtek by 43.3% in the 4th quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company’s stock worth $174,000 after buying an additional 650 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors.

About Camtek

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.