Camtek (NASDAQ:CAMT) Downgraded to Sell Rating by StockNews.com

Camtek (NASDAQ:CAMT) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

A number of other analysts have also weighed in on the stock. B. Riley cut their target price on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Northland Securities raised Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price target on the stock in a research note on Monday, August 5th. Needham & Company LLC restated a “buy” rating and set a $140.00 price objective on shares of Camtek in a report on Friday, August 2nd. Finally, Northland Capmk raised Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $116.57.

Camtek Trading Up 7.7 %

Camtek stock traded up $6.06 during midday trading on Tuesday, hitting $84.76. 1,575,123 shares of the stock were exchanged, compared to its average volume of 540,459. Camtek has a fifty-two week low of $59.33 and a fifty-two week high of $140.50. The company has a current ratio of 5.21, a quick ratio of 4.29 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 43.25, a PEG ratio of 1.61 and a beta of 1.38. The stock’s 50-day simple moving average is $79.51 and its 200 day simple moving average is $95.75.

Hedge Funds Weigh In On Camtek

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAMT. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Camtek by 21.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock worth $121,734,000 after purchasing an additional 268,258 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Camtek by 7.5% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock worth $68,388,000 after purchasing an additional 60,088 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in shares of Camtek by 1.9% during the first quarter. Hood River Capital Management LLC now owns 691,780 shares of the semiconductor company’s stock worth $57,950,000 after buying an additional 13,094 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in Camtek in the 1st quarter valued at $55,026,000. Finally, Y.D. More Investments Ltd lifted its position in Camtek by 723.7% in the second quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock worth $78,709,000 after purchasing an additional 550,854 shares during the period. 41.93% of the stock is 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.