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

Camtek Ltd. (NASDAQ:CAMT) reached a new 52-week low on Wednesday . The company traded as low as $62.13 and last traded at $62.78, with a volume of 28748 shares. The stock had previously closed at $62.76.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CAMT shares. Needham & Company LLC reiterated a “buy” rating and set a $110.00 price target on shares of Camtek in a report on Thursday, February 13th. Northland Securities raised their target price on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Cantor Fitzgerald started coverage on Camtek in a report on Monday, January 13th. They set a “neutral” rating and a $100.00 target price for the company. Stifel Nicolaus restated a “buy” rating and set a $105.00 target price on shares of Camtek in a report on Thursday, December 12th. Finally, Barclays lowered their target price on Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.11.

Camtek Stock Up 4.9 %

The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38. The business has a 50-day simple moving average of $82.79 and a 200-day simple moving average of $80.50.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Investors Weigh In On Camtek

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. raised its position in shares of Camtek by 78.8% during the 3rd 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. Jones Financial Companies Lllp raised its position in shares of Camtek by 364.0% during the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 324 shares in the last quarter. Huntington National Bank raised its position in shares of Camtek by 42.4% during the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Camtek during the 3rd quarter worth about $53,000. Finally, State of Wyoming increased its position in Camtek by 146.2% during the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company’s stock worth $163,000 after buying an additional 1,200 shares during the period. Institutional investors and hedge funds own 41.93% of the company’s stock.

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.