Camtek (NASDAQ:CAMT) Rating Increased to Hold at Wall Street Zen

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

A number of other analysts also recently issued reports on the company. Stifel Nicolaus lifted their price target on Camtek from $98.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Northland Securities set a $140.00 target price on Camtek in a research note on Tuesday, October 7th. Bank of America raised Camtek from a “neutral” rating to a “buy” rating and upped their price target for the company from $95.00 to $135.00 in a report on Monday, October 13th. The Goldman Sachs Group reissued a “neutral” rating and set a $141.00 price objective on shares of Camtek in a report on Friday. 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 report on Monday, December 15th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.58.

Camtek Stock Performance

Shares of CAMT stock opened at $131.67 on Friday. The company has a current ratio of 7.58, a quick ratio of 6.52 and a debt-to-equity ratio of 0.90. The firm has a fifty day moving average price of $110.98 and a 200 day moving average price of $101.60. The company has a market cap of $6.00 billion, a P/E ratio of 146.30, a PEG ratio of 2.84 and a beta of 1.55. Camtek has a 12 month low of $47.41 and a 12 month high of $134.93.

Institutional Investors Weigh In On Camtek

Large investors have recently modified their holdings of the company. ARK Investment Management LLC lifted its holdings in Camtek by 38.2% in the second quarter. ARK Investment Management LLC now owns 27,386 shares of the semiconductor company’s stock valued at $2,316,000 after acquiring an additional 7,566 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of Camtek in the 2nd quarter valued at about $338,000. Legal & General Group Plc lifted its stake in shares of Camtek by 18.9% in the second quarter. Legal & General Group Plc now owns 117,163 shares of the semiconductor company’s stock valued at $10,103,000 after purchasing an additional 18,584 shares during the period. Taylor Frigon Capital Management LLC boosted its holdings in Camtek by 18.2% during the second quarter. Taylor Frigon Capital Management LLC now owns 32,518 shares of the semiconductor company’s stock worth $2,750,000 after buying an additional 5,005 shares in the last quarter. Finally, Mirabella Financial Services LLP purchased a new stake in Camtek during the second quarter worth about $1,142,000. 41.93% of the stock is owned by institutional investors and hedge funds.

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.