Camtek (NASDAQ:CAMT) Lowered to Market Perform at Northland Securities

Northland Securities downgraded shares of Camtek (NASDAQ:CAMT - Free Report) from an outperform rating to a market perform rating in a research report report published on Thursday, Marketbeat.com reports.

A number of other research firms also recently commented on CAMT. B. Riley restated a buy rating and issued a $110.00 price objective (up previously from $102.00) on shares of Camtek in a report on Friday, May 10th. Barclays lifted their price objective on shares of Camtek from $90.00 to $105.00 and gave the stock an overweight rating in a research note on Friday, May 10th. Needham & Company LLC increased their target price on shares of Camtek from $92.00 to $106.00 and gave the company a buy rating in a research note on Friday, May 10th. Evercore ISI assumed coverage on Camtek in a report on Tuesday, April 16th. They issued an outperform rating and a $100.00 price target on the stock. Finally, Jefferies Financial Group initiated coverage on Camtek in a report on Monday. They issued a buy rating and a $120.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Camtek has a consensus rating of Moderate Buy and a consensus target price of $90.50.

Camtek Stock Performance

Shares of NASDAQ:CAMT traded down $2.75 during trading on Thursday, hitting $97.64. 523,913 shares of the company traded hands, compared to its average volume of 431,552. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 56.72, a PEG ratio of 3.19 and a beta of 1.39. The business's fifty day moving average is $81.96 and its 200-day moving average is $74.46. Camtek has a one year low of $27.14 and a one year high of $100.95. The company has a quick ratio of 3.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.44.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.53 by $0.04. Camtek had a return on equity of 20.94% and a net margin of 25.35%. The firm had revenue of $88.70 million for the quarter, compared to analysts' expectations of $88.02 million. During the same period last year, the firm earned $0.45 EPS. The firm's revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts predict that Camtek will post 2.12 earnings per share for the current fiscal year.

Camtek Announces Dividend

The company also recently announced a Variable dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were issued a $1.33 dividend. The ex-dividend date was Wednesday, April 3rd. Camtek's dividend payout ratio (DPR) is presently 75.14%.

Institutional Investors Weigh In On Camtek

A number of hedge funds have recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Camtek by 275.5% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,067,187 shares of the semiconductor company's stock worth $66,405,000 after purchasing an additional 782,958 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Camtek during the first quarter worth approximately $55,026,000. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Camtek in the third quarter valued at approximately $21,162,000. Westfield Capital Management Co. LP acquired a new stake in shares of Camtek in the third quarter worth $12,093,000. Finally, Eagle Asset Management Inc. acquired a new position in Camtek during the 3rd quarter valued at $12,022,000. 41.93% of the stock is currently owned by institutional investors.

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.