Camtek LTD. (CAMT) Receives $9.44 Average PT from Analysts
Shares of Camtek LTD. (NASDAQ:CAMT) have been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $9.44.
CAMT has been the subject of several recent analyst reports. B. Riley upped their price objective on shares of Camtek from $10.00 to $10.50 and gave the stock a “buy” rating in a research report on Thursday, November 1st. BidaskClub raised shares of Camtek from a “hold” rating to a “buy” rating in a report on Wednesday, December 5th. Finally, ValuEngine cut shares of Camtek from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th.
Shares of CAMT opened at $6.89 on Wednesday. The company has a market capitalization of $251.20 million, a price-to-earnings ratio of 26.50 and a beta of 1.06. Camtek has a twelve month low of $5.97 and a twelve month high of $11.11.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in Camtek by 24.5% in the 3rd quarter. Renaissance Technologies LLC now owns 1,583,300 shares of the semiconductor company’s stock valued at $13,569,000 after buying an additional 311,800 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Camtek by 167.1% in the 3rd quarter. Acadian Asset Management LLC now owns 467,782 shares of the semiconductor company’s stock valued at $4,009,000 after buying an additional 292,619 shares during the last quarter. Altshuler Shaham Ltd bought a new position in Camtek in the 3rd quarter valued at approximately $3,539,000. Millennium Management LLC bought a new position in Camtek in the 2nd quarter valued at approximately $1,086,000. Finally, Jane Street Group LLC raised its holdings in Camtek by 205.4% in the 3rd quarter. Jane Street Group LLC now owns 113,178 shares of the semiconductor company’s stock valued at $970,000 after buying an additional 76,121 shares during the last quarter. Institutional investors and hedge funds own 23.67% of the company’s stock.
Camtek Company Profile
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.
Read More: What is Compound Interest?
Receive News & Ratings for Camtek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camtek and related companies with MarketBeat.com's FREE daily email newsletter.