Camtek (NASDAQ:CAMT) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of Camtek (NASDAQ:CAMT) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

CAMT has been the topic of several other research reports. The Goldman Sachs Group assumed coverage on Camtek in a research report on Monday, December 15th. They set a “neutral” rating and a $123.00 price target on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $120.00 target price on shares of Camtek in a report on Tuesday, December 16th. B. Riley upped their price target on shares of Camtek from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Bank of America upgraded shares of Camtek from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $95.00 to $135.00 in a research note on Monday, October 13th. Finally, Jefferies Financial Group increased their target price on shares of Camtek from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Camtek currently has an average rating of “Moderate Buy” and an average price target of $123.00.

Camtek Stock Performance

NASDAQ CAMT opened at $115.50 on Friday. The company has a fifty day moving average of $110.27 and a two-hundred day moving average of $99.71. The company has a market capitalization of $5.27 billion, a PE ratio of 128.33, a P/E/G ratio of 2.49 and a beta of 1.55. Camtek has a 1 year low of $47.41 and a 1 year high of $129.41. The company has a debt-to-equity ratio of 0.90, a current ratio of 7.58 and a quick ratio of 6.52.

Hedge Funds Weigh In On Camtek

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAMT. ARK Investment Management LLC lifted its position in shares of Camtek by 38.2% during the 2nd 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 Camtek in the 2nd quarter valued at approximately $338,000. Legal & General Group Plc raised its holdings in Camtek by 18.9% during the second quarter. Legal & General Group Plc now owns 117,163 shares of the semiconductor company’s stock worth $10,103,000 after purchasing an additional 18,584 shares during the last quarter. Taylor Frigon Capital Management LLC raised 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 purchasing an additional 5,005 shares during the last quarter. Finally, Y.D. More Investments Ltd boosted its position in Camtek by 22.5% during the second quarter. Y.D. More Investments Ltd now owns 644,657 shares of the semiconductor company’s stock worth $55,435,000 after purchasing an additional 118,226 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

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.