Camtek (NASDAQ:CAMT) Shares Gap Up Following Analyst Upgrade

Camtek Ltd. (NASDAQ:CAMT)’s stock price gapped up before the market opened on Tuesday after Bank of America raised their price target on the stock from $140.00 to $160.00. The stock had previously closed at $137.80, but opened at $148.69. Bank of America currently has a buy rating on the stock. Camtek shares last traded at $141.5050, with a volume of 272,009 shares traded.

Other research analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of Camtek from a “sell” rating to a “hold” rating in a report on Sunday. Zacks Research downgraded shares of Camtek from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. The Goldman Sachs Group restated a “neutral” rating and issued a $141.00 target price on shares of Camtek in a report on Friday, January 9th. Needham & Company LLC lifted their price target on Camtek from $125.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, Stifel Nicolaus boosted their price objective on Camtek from $98.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.67.

Hedge Funds Weigh In On Camtek

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC purchased a new stake in shares of Camtek during the third quarter valued at approximately $32,000. Advisors Asset Management Inc. increased its position in shares of Camtek by 61.6% during the 1st 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 during the last quarter. Rothschild Investment LLC bought a new stake in shares of Camtek during the 3rd quarter worth $54,000. Optimum Investment Advisors raised its stake in shares of 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 in the 4th quarter worth about $108,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Stock Performance

The company has a market cap of $6.06 billion, a P/E ratio of 147.69, a price-to-earnings-growth ratio of 2.94 and a beta of 1.55. The company’s 50-day moving average is $111.84 and its two-hundred day moving average is $102.70. The company has a quick ratio of 6.52, a current ratio of 7.58 and a debt-to-equity ratio of 0.90.

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.