Camtek (NASDAQ:CAMT) Shares Down 3.5% – Should You Sell?

Camtek Ltd. (NASDAQ:CAMT) dropped 3.5% during trading on Friday . The company traded as low as $101.67 and last traded at $100.94. Approximately 79,397 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 535,994 shares. The stock had previously closed at $104.65.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CAMT. Barclays decreased their price target on Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Cantor Fitzgerald assumed coverage on shares of Camtek in a report on Monday, January 13th. They set a “neutral” rating and a $100.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Camtek in a research note on Wednesday, November 13th. StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Northland Securities boosted their target price on shares of Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $112.44.

Camtek Trading Down 3.4 %

The firm’s 50 day simple moving average is $82.05 and its two-hundred day simple moving average is $87.30. The stock has a market capitalization of $4.59 billion, a P/E ratio of 46.63, a P/E/G ratio of 1.66 and a beta of 1.33. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38.

Camtek (NASDAQ:CAMT) last issued its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The business had revenue of $112.30 million during the quarter, compared to analyst estimates of $108.51 million. During the same period in the previous year, the company posted $0.46 EPS. The firm’s revenue was up 39.5% compared to the same quarter last year. As a group, analysts forecast that Camtek Ltd. will post 2.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CAMT. Advisors Asset Management Inc. increased its position in shares of Camtek by 78.8% during the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 145 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Camtek by 23,300.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 466 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Camtek during the 3rd quarter worth approximately $53,000. Gateway Wealth Partners LLC bought a new position in shares of Camtek in the second quarter valued at approximately $220,000. Finally, Susquehanna International Group Ltd. purchased a new position in shares of Camtek during the second quarter valued at approximately $237,000. Institutional investors and hedge funds 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.