Camtek (NASDAQ:CAMT) Shares Down 9.9% – What’s Next?

Shares of Camtek Ltd. (NASDAQ:CAMT) were down 9.9% on Tuesday . The stock traded as low as $173.61 and last traded at $176.3820. Approximately 102,531 shares were traded during mid-day trading, a decline of 79% from the average session volume of 500,075 shares. The stock had previously closed at $195.72.

Analysts Set New Price Targets

CAMT has been the topic of a number of research reports. Weiss Ratings raised shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 14th. Oppenheimer lifted their price target on Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Stifel Nicolaus restated a “hold” rating and set a $185.00 price objective on shares of Camtek in a research note on Friday, April 17th. Morgan Stanley lifted their target price on Camtek from $161.00 to $163.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Camtek in a research note on Monday, April 20th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Camtek presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.33.

Camtek Price Performance

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 stock has a 50-day moving average price of $180.47 and a 200 day moving average price of $156.12. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 198.90, a PEG ratio of 4.69 and a beta of 1.54.

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

Institutional Investors Weigh In On Camtek

A number of hedge funds have recently modified their holdings of CAMT. NewEdge Advisors LLC increased its stake in shares of Camtek by 6.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,072 shares of the semiconductor company’s stock worth $314,000 after acquiring an additional 117 shares during the last quarter. Cim LLC lifted its stake in shares of Camtek by 168.7% in the 1st quarter. Cim LLC now owns 15,536 shares of the semiconductor company’s stock valued at $2,355,000 after purchasing an additional 9,755 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Camtek by 46.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 95 shares during the period. Lazard Asset Management LLC increased its position in shares of Camtek by 149.1% during the 1st quarter. Lazard Asset Management LLC now owns 5,413 shares of the semiconductor company’s stock worth $821,000 after purchasing an additional 3,240 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Camtek during the 1st quarter worth about $7,225,000. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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.