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

Camtek (NASDAQ:CAMT) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other equities analysts have also recently weighed in on CAMT. Zacks Research upgraded Camtek from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Oppenheimer increased their price target on Camtek from $120.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Jefferies Financial Group restated a “buy” rating and issued a $185.00 price target on shares of Camtek in a research note on Wednesday, February 18th. Morgan Stanley set a $151.00 price objective on Camtek in a research note on Thursday, February 19th. Finally, Northland Securities downgraded Camtek from an “outperform” rating to a “market perform” rating and set a $150.00 price objective for the company. in a report on Wednesday, February 18th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.92.

Camtek Price Performance

Shares of CAMT opened at $167.39 on Friday. The company has a quick ratio of 7.31, a current ratio of 8.35 and a debt-to-equity ratio of 0.84. Camtek has a twelve month low of $47.41 and a twelve month high of $174.61. The stock has a market capitalization of $7.63 billion, a P/E ratio of 178.08, a P/E/G ratio of 3.96 and a beta of 1.53. The company has a 50 day moving average of $139.90 and a 200-day moving average of $116.50.

Camtek (NASDAQ:CAMT) last announced its earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.02). The business had revenue of $128.12 million for the quarter, compared to analyst estimates of $127.10 million. Camtek had a return on equity of 23.61% and a net margin of 10.23%.The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS. As a group, equities research analysts forecast that Camtek will post 2.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wasatch Advisors LP lifted its position in Camtek by 14.7% during the third quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock worth $422,373,000 after acquiring an additional 513,956 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Camtek by 0.4% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,142,171 shares of the semiconductor company’s stock worth $182,976,000 after purchasing an additional 7,500 shares during the period. Menora Mivtachim Holdings LTD. increased its stake in shares of Camtek by 31.1% during the third quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock worth $220,537,000 after purchasing an additional 497,918 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Camtek by 56.9% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,665,236 shares of the semiconductor company’s stock worth $177,090,000 after purchasing an additional 604,097 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Camtek by 12.0% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock worth $140,205,000 after purchasing an additional 140,796 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

About Camtek

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.