Camtek (NASDAQ:CAMT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Camtek (NASDAQ:CAMT) from a sell rating to a hold rating in a research note issued to investors on Sunday.

A number of other equities research analysts have also weighed in on the stock. Needham & Company LLC raised their price objective on shares of Camtek from $125.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Morgan Stanley started coverage on Camtek in a report on Monday, December 1st. They set an “equal weight” rating and a $110.00 price target for the company. The Goldman Sachs Group reissued a “neutral” rating and set a $141.00 target price on shares of Camtek in a research report on Friday. Zacks Research cut Camtek from a “hold” rating to a “strong sell” rating in a research note on Friday, January 2nd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $120.00 price target on shares of Camtek in a research note on Tuesday, December 16th. Eight 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. According to data from MarketBeat, Camtek has an average rating of “Moderate Buy” and a consensus price target of $129.67.

Camtek Price Performance

CAMT stock opened at $136.61 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 7.58 and a quick ratio of 6.52. The firm has a market capitalization of $6.23 billion, a P/E ratio of 151.79, a P/E/G ratio of 2.97 and a beta of 1.55. The business’s 50-day moving average is $111.65 and its two-hundred day moving average is $102.49. Camtek has a 1 year low of $47.41 and a 1 year high of $150.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new stake in shares of Camtek during the third quarter worth approximately $32,000. Advisors Asset Management Inc. raised its holdings in Camtek by 61.6% during 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 in the last quarter. Rothschild Investment LLC purchased a new stake in Camtek in the 3rd quarter valued at approximately $54,000. Optimum Investment Advisors increased its position in Camtek by 60.0% during the 2nd quarter. Optimum Investment Advisors now owns 1,200 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 450 shares during the period. Finally, Aventura Private Wealth LLC purchased a new position in shares of Camtek during the 4th quarter worth 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.