Camtek (CAMT) Stock Price Down 8.1%
Camtek LTD. (NASDAQ:CAMT) fell 8.1% during mid-day trading on Thursday . The company traded as low as $8.50 and last traded at $8.95. 574,919 shares changed hands during trading, an increase of 285% from the average session volume of 149,417 shares. The stock had previously closed at $9.74.
CAMT has been the topic of a number of research analyst reports. BidaskClub raised Camtek from a “buy” rating to a “strong-buy” rating in a report on Friday, May 11th. ValuEngine downgraded Camtek from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 26th. Zacks Investment Research downgraded Camtek from a “buy” rating to a “hold” rating in a report on Thursday, June 14th. Finally, B. Riley raised their target price on Camtek from $8.50 to $11.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Camtek has an average rating of “Buy” and an average price target of $9.56.
The firm has a market cap of $323.96 million, a price-to-earnings ratio of 33.96 and a beta of 1.23.
Several hedge funds have recently modified their holdings of CAMT. Fortaleza Asset Management Inc. acquired a new stake in shares of Camtek in the 2nd quarter valued at $122,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Camtek in the 2nd quarter valued at $201,000. Jane Street Group LLC bought a new position in shares of Camtek in the 2nd quarter valued at $272,000. Macquarie Group Ltd. bought a new position in shares of Camtek in the 2nd quarter valued at $347,000. Finally, Deutsche Bank AG bought a new position in shares of Camtek in the 4th quarter valued at $485,000. 22.35% of the stock is currently owned by hedge funds and other institutional investors.
Camtek Company Profile (NASDAQ:CAMT)
Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.
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