Camtek (NASDAQ:CAMT) Trading Down 6.2% - Time to Sell?

Shares of Camtek Ltd. (NASDAQ:CAMT - Get Free Report) fell 6.2% during trading on Tuesday . The company traded as low as $79.50 and last traded at $79.33. 204,334 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 553,656 shares. The stock had previously closed at $84.56.

Analyst Upgrades and Downgrades

CAMT has been the subject of several recent analyst reports. Bank of America lowered their target price on Camtek from $105.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. B. Riley lifted their price target on shares of Camtek from $85.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Cantor Fitzgerald set a $80.00 price objective on shares of Camtek and gave the company a "neutral" rating in a research note on Tuesday, June 24th. Wall Street Zen upgraded shares of Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Barclays decreased their price target on Camtek from $120.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $89.70.

Camtek Price Performance

The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 33.52, a PEG ratio of 2.29 and a beta of 1.34. The company has a current ratio of 5.28, a quick ratio of 4.27 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $70.72 and a two-hundred day moving average price of $74.67.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The firm had revenue of $118.64 million during the quarter, compared to the consensus estimate of $119.00 million. Camtek had a return on equity of 24.57% and a net margin of 28.40%. The firm's revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.63 EPS. As a group, research analysts forecast that Camtek Ltd. will post 2.93 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd grew its holdings in Camtek by 27.8% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,134,671 shares of the semiconductor company's stock worth $123,622,000 after buying an additional 464,671 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its holdings in shares of Camtek by 81.8% during the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company's stock valued at $126,521,000 after purchasing an additional 705,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Camtek by 27.6% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,448,441 shares of the semiconductor company's stock valued at $84,922,000 after purchasing an additional 312,988 shares in the last quarter. Wasatch Advisors LP lifted its holdings in Camtek by 311.8% in the fourth quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company's stock worth $96,341,000 after purchasing an additional 903,126 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Camtek by 110.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,015,307 shares of the semiconductor company's stock valued at $59,527,000 after buying an additional 532,944 shares in the last quarter. Institutional investors 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.