Camtek (NASDAQ:CAMT) Stock Rating Upgraded by Zacks Research

Camtek (NASDAQ:CAMT) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other analysts also recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Camtek in a report on Monday, December 29th. Jefferies Financial Group boosted their target price on shares of Camtek from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. B. Riley upped their price target on shares of Camtek from $145.00 to $175.00 and gave the company a “buy” rating in a report on Monday, January 26th. Morgan Stanley began coverage on Camtek in a research note on Monday, December 1st. They issued an “equal weight” rating and a $110.00 price objective on the stock. Finally, Barclays reissued an “overweight” rating and set a $155.00 price objective on shares of Camtek in a research report on Thursday, January 15th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $137.17.

Camtek Stock Down 0.4%

Shares of CAMT stock opened at $141.40 on Monday. The stock’s 50 day simple moving average is $123.88 and its 200 day simple moving average is $108.35. Camtek has a twelve month low of $47.41 and a twelve month high of $155.79. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.52 and a current ratio of 7.58. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 157.11, a PEG ratio of 3.06 and a beta of 1.57.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in Camtek in the 3rd quarter valued at $32,000. Advisors Asset Management Inc. raised its holdings in shares of Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after buying an additional 293 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Camtek during the 3rd quarter worth approximately $54,000. Optimum Investment Advisors boosted its stake in Camtek by 60.0% in the 2nd quarter. Optimum Investment Advisors now owns 1,200 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 450 shares in the last quarter. Finally, Aventura Private Wealth LLC bought a new stake in Camtek in the fourth quarter valued at $108,000. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Company Profile

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.