Camtek (NASDAQ:CAMT) Shares Gap Down – Time to Sell?

Shares of Camtek Ltd. (NASDAQ:CAMT) gapped down before the market opened on Friday . The stock had previously closed at $168.06, but opened at $158.69. Camtek shares last traded at $159.44, with a volume of 51,845 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CAMT shares. Evercore reiterated an “outperform” rating and issued a $200.00 target price on shares of Camtek in a research report on Wednesday, May 13th. Needham & Company LLC upped their price target on shares of Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. B. Riley Financial reiterated a “buy” rating on shares of Camtek in a report on Monday, April 20th. Weiss Ratings raised Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 14th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $185.00 target price on shares of Camtek in a research report on Friday, April 17th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Camtek currently has a consensus rating of “Moderate Buy” and an average price target of $174.33.

Camtek Stock Down 6.0%

The company has a market cap of $7.24 billion, a price-to-earnings ratio of 181.16, a PEG ratio of 4.01 and a beta of 1.54. The business has a 50-day simple moving average of $179.96 and a two-hundred day simple moving average of $157.19. The company has a quick ratio of 7.46, a current ratio of 8.35 and a debt-to-equity ratio of 0.71.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The business had revenue of $121.66 million for the quarter, compared to the consensus estimate of $120.15 million. During the same period last year, the business earned $0.79 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts forecast that Camtek Ltd. will post 3.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CAMT. Advisors Asset Management Inc. lifted its position in Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 293 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Camtek by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company’s stock worth $8,749,000 after purchasing an additional 16,117 shares during the period. Geode Capital Management LLC lifted its position in shares of Camtek by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company’s stock worth $3,333,000 after purchasing an additional 279 shares during the last quarter. Cetera Investment Advisers boosted its stake in Camtek by 4.7% during the 2nd quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock valued at $409,000 after purchasing an additional 217 shares during the period. Finally, Invesco Ltd. boosted its stake in Camtek by 8.3% during the 2nd quarter. Invesco Ltd. now owns 263,836 shares of the semiconductor company’s stock valued at $22,310,000 after purchasing an additional 20,237 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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.