Camtek (NASDAQ:CAMT) Hits New 52-Week High – Here’s What Happened

Shares of Camtek Ltd. (NASDAQ:CAMT) reached a new 52-week high on Monday . The company traded as high as $136.55 and last traded at $136.35, with a volume of 89600 shares. The stock had previously closed at $131.67.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CAMT shares. Zacks Research downgraded Camtek from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Camtek in a research note on Monday, December 29th. B. Riley lifted their price target on Camtek from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Cantor Fitzgerald reissued a “neutral” rating and set a $120.00 price objective on shares of Camtek in a report on Tuesday, December 16th. Finally, Stifel Nicolaus raised their target price on Camtek from $98.00 to $115.00 and gave the company a “buy” rating in a report on Monday, October 13th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.58.

Camtek Trading Up 4.7%

The firm has a 50 day simple moving average of $110.98 and a 200 day simple moving average of $101.74. The firm has a market cap of $6.28 billion, a P/E ratio of 153.11, a P/E/G ratio of 2.84 and a beta of 1.55. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.52 and a current ratio of 7.58.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC bought a new position in Camtek in the 3rd quarter worth about $32,000. Advisors Asset Management Inc. increased its position in shares of Camtek by 61.6% in the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 293 shares during the last quarter. Rothschild Investment LLC purchased a new stake in Camtek in the third quarter valued at approximately $54,000. Optimum Investment Advisors lifted its position in Camtek by 60.0% during the second quarter. Optimum Investment Advisors now owns 1,200 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 450 shares during the last quarter. Finally, Aventura Private Wealth LLC bought a new stake in Camtek during the fourth quarter valued at approximately $108,000. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

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.