Camtek (NASDAQ:CAMT) Upgraded at Zacks Research

Camtek (NASDAQ:CAMT) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Camtek from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. Evercore ISI boosted their price target on shares of Camtek from $100.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Jefferies Financial Group increased their price objective on shares of Camtek from $130.00 to $140.00 and gave the company a “buy” rating in a report on Monday, December 15th. Morgan Stanley began coverage on Camtek in a report on Monday, December 1st. They issued an “equal weight” rating and a $110.00 target price on the stock. Finally, Needham & Company LLC increased their price target on Camtek from $135.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Camtek has an average rating of “Moderate Buy” and a consensus price target of $137.17.

Camtek Stock Performance

NASDAQ CAMT opened at $141.40 on Monday. 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 has a twelve month low of $47.41 and a twelve month high of $155.79. The business has a 50-day moving average price of $123.88 and a 200-day moving average price of $108.35. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 157.11, a price-to-earnings-growth ratio of 3.06 and a beta of 1.57.

Hedge Funds Weigh In On Camtek

Several institutional investors have recently made changes to their positions in CAMT. HBK Sorce Advisory LLC boosted its position in Camtek by 1.4% during the 2nd quarter. HBK Sorce Advisory LLC now owns 8,645 shares of the semiconductor company’s stock valued at $731,000 after acquiring an additional 121 shares in the last quarter. Blue Trust Inc. grew its stake in Camtek by 2.8% during the 3rd quarter. Blue Trust Inc. now owns 5,877 shares of the semiconductor company’s stock valued at $617,000 after purchasing an additional 161 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Camtek by 23.8% in the second quarter. Advisors Asset Management Inc. now owns 952 shares of the semiconductor company’s stock worth $81,000 after purchasing an additional 183 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Camtek by 4.7% in the 2nd quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock valued at $409,000 after acquiring an additional 217 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Camtek by 0.7% during the second quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company’s stock worth $3,333,000 after purchasing an additional 279 shares during the last quarter. Hedge funds and other institutional investors own 41.93% of the company’s stock.

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.