Camtek (NASDAQ:CAMT) Raised to “Hold” at Wall Street Zen

Camtek (NASDAQ:CAMT) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

Other equities analysts also recently issued reports about the stock. Evercore ISI raised their price target on shares of Camtek from $100.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Needham & Company LLC increased 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. B. Riley boosted their target price on Camtek from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Zacks Research lowered Camtek from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $141.00 price objective on shares of Camtek in a research report on Friday. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.58.

Camtek Stock Up 1.4%

NASDAQ CAMT opened at $131.67 on Friday. The business has a fifty day moving average price of $110.98 and a 200 day moving average price of $101.60. 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 cap of $6.00 billion, a P/E ratio of 146.30, a P/E/G ratio of 2.84 and a beta of 1.55. Camtek has a one year low of $47.41 and a one year high of $134.93.

Institutional Investors Weigh In On Camtek

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CAMT. SG Americas Securities LLC lifted its holdings in Camtek by 38.6% during the 4th quarter. SG Americas Securities LLC now owns 19,833 shares of the semiconductor company’s stock worth $2,109,000 after buying an additional 5,528 shares in the last quarter. Aventura Private Wealth LLC purchased a new stake in shares of Camtek during the fourth quarter worth $108,000. JPMorgan Chase & Co. raised its stake in shares of Camtek by 42.8% in the third quarter. JPMorgan Chase & Co. now owns 51,694 shares of the semiconductor company’s stock valued at $5,430,000 after acquiring an additional 15,490 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new position in Camtek in the third quarter valued at $3,283,000. Finally, Advisory Services Network LLC purchased a new position in Camtek in the third quarter valued at $32,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

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.