Camtek (NASDAQ:CAMT) Hits New 1-Year Low – Should You Sell?

Camtek Ltd. (NASDAQ:CAMT) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $64.72 and last traded at $65.57, with a volume of 131493 shares changing hands. The stock had previously closed at $68.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays lowered their target price on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Camtek in a research report on Thursday, February 13th. Northland Securities raised their price objective on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $114.11.

Camtek Trading Up 3.4 %

The company has a market capitalization of $2.96 billion, a PE ratio of 27.00, a PEG ratio of 1.89 and a beta of 1.38. The stock has a fifty day moving average of $85.80 and a two-hundred day moving average of $81.69. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. As a group, sell-side analysts anticipate that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camtek

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank grew its holdings in shares of Camtek by 42.4% during the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 123 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Camtek by 78.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 145 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Camtek by 1.6% in the third quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company’s stock worth $755,000 after purchasing an additional 148 shares during the period. Cetera Investment Advisers raised its holdings in Camtek by 3.3% during the fourth quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company’s stock valued at $427,000 after acquiring an additional 171 shares during the period. Finally, Prentiss Smith & Co. Inc. raised its holdings in shares of Camtek by 10.8% during the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company’s stock worth $225,000 after acquiring an additional 272 shares in the last quarter. Hedge funds and other 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.