Camtek (NASDAQ:CAMT) Shares Gap Down to $136.20

Camtek Ltd. (NASDAQ:CAMT)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $136.20, but opened at $133.00. Camtek shares last traded at $130.27, with a volume of 193,864 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Needham & Company LLC lifted their target price on Camtek from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Bank of America lifted their target price on Camtek from $98.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. B. Riley lifted their target price on Camtek from $110.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Evercore ISI started coverage on Camtek in a research report on Tuesday, April 16th. They set an “outperform” rating and a $100.00 price target on the stock. Finally, Northland Capmk lowered Camtek from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $103.63.

Camtek Trading Down 4.4 %

The business has a 50 day moving average of $109.27 and a two-hundred day moving average of $89.18. The company has a current ratio of 3.66, a quick ratio of 3.08 and a debt-to-equity ratio of 0.44. The firm has a market cap of $5.85 billion, a P/E ratio of 76.95, a PEG ratio of 2.95 and a beta of 1.41.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Camtek had a return on equity of 20.94% and a net margin of 25.35%. The business had revenue of $97.01 million for the quarter, compared to analysts’ expectations of $93.75 million. Analysts predict that Camtek Ltd. will post 2.35 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its holdings in Camtek by 574.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 379 shares in the last quarter. USA Financial Formulas grew its holdings in Camtek by 1,436.2% in the 4th quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 675 shares in the last quarter. Headlands Technologies LLC acquired a new position in Camtek in the 1st quarter valued at $50,000. Optimum Investment Advisors grew its holdings in Camtek by 15.0% in the 4th quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock valued at $120,000 after buying an additional 225 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Camtek by 524.6% in the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 1,238 shares in the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

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.