Camtek (NASDAQ:CAMT) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Camtek Ltd. (NASDAQ:CAMT)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $98.89 and traded as high as $109.56. Camtek shares last traded at $107.90, with a volume of 122,524 shares changing hands.

Wall Street Analyst Weigh In

CAMT has been the subject of a number of research reports. Bank of America raised shares of Camtek from a “neutral” rating to a “buy” rating and increased their price target for the stock from $95.00 to $135.00 in a research note on Monday, October 13th. Evercore ISI upped their price target on Camtek from $100.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Morgan Stanley initiated coverage on Camtek in a research report on Monday, December 1st. They set an “equal weight” rating and a $110.00 price objective for the company. B. Riley increased their price target on shares of Camtek from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Finally, Jefferies Financial Group boosted their price objective on shares of Camtek from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.00.

Camtek Trading Down 1.1%

The stock’s 50 day moving average is $111.00 and its 200-day moving average is $98.89. The company has a market cap of $4.92 billion, a P/E ratio of 119.89, a PEG ratio of 2.42 and a beta of 1.57. The company has a current ratio of 7.58, a quick ratio of 6.52 and a debt-to-equity ratio of 0.90.

Hedge Funds Weigh In On Camtek

Hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in Camtek during the 3rd quarter valued at $32,000. Advisors Asset Management Inc. lifted its holdings in shares of Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 293 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Camtek during the third quarter valued at $54,000. Optimum Investment Advisors increased its holdings in Camtek by 60.0% in the 2nd quarter. Optimum Investment Advisors now owns 1,200 shares of the semiconductor company’s stock worth $101,000 after buying an additional 450 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new stake in Camtek in the 3rd quarter worth about $205,000. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

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.