Camtek (NASDAQ:CAMT) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Camtek Ltd. (NASDAQ:CAMT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $98.89 and traded as high as $109.56. Camtek shares last traded at $107.90, with a volume of 122,524 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on CAMT shares. Evercore ISI lifted their price target on shares of Camtek from $100.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Northland Securities set a $140.00 target price on shares of Camtek in a research note on Tuesday, October 7th. Stifel Nicolaus boosted their target price on Camtek from $98.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Barclays raised their price target on Camtek from $85.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Finally, B. Riley boosted their price objective on Camtek from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $123.00.

Camtek Stock Down 2.1%

The firm’s 50-day moving average is $110.57 and its two-hundred day moving average is $99.21. 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 stock has a market cap of $4.85 billion, a P/E ratio of 118.17, a PEG ratio of 2.41 and a beta of 1.57.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Analog Century Management LP bought a new stake in shares of Camtek during the second quarter worth approximately $52,321,000. Wasatch Advisors LP raised its position in shares of Camtek by 18.6% during the 2nd quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company’s stock valued at $296,529,000 after acquiring an additional 550,072 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Camtek by 110.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,015,307 shares of the semiconductor company’s stock valued at $59,527,000 after acquiring an additional 532,944 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its position in shares of Camtek by 31.1% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock worth $220,537,000 after purchasing an additional 497,918 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Camtek by 169.8% during the third quarter. Millennium Management LLC now owns 479,053 shares of the semiconductor company’s stock worth $50,325,000 after purchasing an additional 301,484 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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.