Camtek (NASDAQ:CAMT) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Camtek (NASDAQ:CAMT) in a research note issued to investors on Monday morning, MarketBeat.com reports. The firm issued a hold rating and a $123.00 price target on the semiconductor company’s stock.

Several other equities analysts have also recently issued reports on the company. Barclays boosted their target price on Camtek from $85.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Stifel Nicolaus lifted their price target on Camtek from $98.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Jefferies Financial Group upped their price objective on Camtek from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Monday. Bank of America upgraded Camtek from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $95.00 to $135.00 in a research report on Monday, October 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Camtek in a research report on Monday. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Camtek has an average rating of “Moderate Buy” and a consensus target price of $123.00.

Camtek Stock Down 7.4%

Shares of NASDAQ:CAMT opened at $103.11 on Monday. Camtek has a fifty-two week low of $47.41 and a fifty-two week high of $129.41. The company has a quick ratio of 6.52, a current ratio of 7.58 and a debt-to-equity ratio of 0.90. The firm’s 50-day simple moving average is $112.83 and its 200-day simple moving average is $96.72. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 114.57, a PEG ratio of 2.81 and a beta of 1.57.

Institutional Trading of Camtek

Large investors have recently bought and sold shares of the company. HBK Sorce Advisory LLC raised its stake in shares of Camtek by 1.4% during the 2nd quarter. HBK Sorce Advisory LLC now owns 8,645 shares of the semiconductor company’s stock worth $731,000 after buying an additional 121 shares during the last quarter. Blue Trust Inc. grew its stake in Camtek by 2.8% in the 3rd quarter. Blue Trust Inc. now owns 5,877 shares of the semiconductor company’s stock valued at $617,000 after acquiring an additional 161 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Camtek by 23.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 952 shares of the semiconductor company’s stock valued at $81,000 after acquiring an additional 183 shares in the last quarter. Cetera Investment Advisers raised its position in Camtek by 4.7% during the second quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock worth $409,000 after acquiring an additional 217 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Camtek by 0.7% during the second quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company’s stock worth $3,333,000 after acquiring an additional 279 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

About Camtek

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.