Camtek (NASDAQ:CAMT) Lowered to Sell Rating by Wall Street Zen

Camtek (NASDAQ:CAMT) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other research analysts also recently weighed in on CAMT. Evercore reissued an “outperform” rating and issued a $190.00 price target on shares of Camtek in a research note on Wednesday, February 18th. Cantor Fitzgerald reissued a “neutral” rating and issued a $120.00 target price on shares of Camtek in a research note on Tuesday, December 16th. Morgan Stanley set a $151.00 target price on Camtek in a report on Thursday, February 19th. Oppenheimer boosted their target price on Camtek from $120.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $145.00 price target on shares of Camtek in a research report on Wednesday, February 18th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $165.92.

Camtek Price Performance

Shares of CAMT stock opened at $167.39 on Friday. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 178.08, a PEG ratio of 3.99 and a beta of 1.57. Camtek has a 12 month low of $47.41 and a 12 month high of $174.61. The company has a quick ratio of 7.31, a current ratio of 8.35 and a debt-to-equity ratio of 0.84. The stock has a 50-day moving average price of $139.90 and a 200 day moving average price of $116.10.

Camtek (NASDAQ:CAMT) last issued its earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.02). The business had revenue of $128.12 million during the quarter, compared to the consensus estimate of $127.10 million. Camtek had a net margin of 10.23% and a return on equity of 23.61%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the business posted $0.77 EPS. Research analysts expect that Camtek will post 2.93 EPS for the current year.

Institutional Investors Weigh In On Camtek

Large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its holdings in shares of Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 293 shares during the period. Goldman Sachs Group Inc. increased its holdings in Camtek by 12.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company’s stock worth $8,749,000 after purchasing an additional 16,117 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Camtek by 16.0% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 22,438 shares of the semiconductor company’s stock valued at $1,897,000 after purchasing an additional 3,101 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Camtek by 5.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,228 shares of the semiconductor company’s stock valued at $1,034,000 after purchasing an additional 619 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Camtek in the second quarter valued at about $878,000. Institutional investors own 41.93% of the company’s stock.

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.