Camtek (NASDAQ:CAMT) Hits New 52-Week Low – Here’s Why

Camtek Ltd. (NASDAQ:CAMT) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $64.72 and last traded at $65.57, with a volume of 131493 shares trading hands. The stock had previously closed at $68.80.

Analysts Set New Price Targets

Several brokerages recently issued reports on CAMT. Northland Securities increased their price objective on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Stifel Nicolaus reissued a “buy” rating and set a $105.00 price target on shares of Camtek in a research report on Thursday, December 12th. Barclays decreased their price objective on Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, January 17th. StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Cantor Fitzgerald began coverage on shares of Camtek in a report on Monday, January 13th. They issued a “neutral” rating and a $100.00 price target for the company. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Camtek has an average rating of “Moderate Buy” and a consensus price target of $114.11.

Camtek Price Performance

The stock’s 50-day moving average is $86.50 and its 200 day moving average is $82.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. The company has a market cap of $2.87 billion, a PE ratio of 26.12, a PEG ratio of 1.89 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last announced its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. On average, equities analysts anticipate that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Camtek

A number of institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its holdings in shares of Camtek by 78.8% in the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 145 shares during the period. Jones Financial Companies Lllp grew its holdings in Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 324 shares during the period. Huntington National Bank lifted its holdings in Camtek by 42.4% in the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Camtek in the 3rd quarter worth approximately $53,000. Finally, State of Wyoming grew its stake in shares of Camtek by 146.2% during the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 1,200 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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.