Wall Street Zen Upgrades Camtek (NASDAQ:CAMT) to “Hold”

by · The Markets Daily

Camtek (NASDAQ:CAMT – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

Several other brokerages have also issued reports on CAMT. Bank of America raised Camtek from a “neutral” rating to a “buy” rating and upped their target price for the stock from $95.00 to $135.00 in a research note on Monday, October 13th. Northland Securities set a $140.00 price objective on shares of Camtek in a research note on Tuesday, October 7th. Barclays lifted their target price on shares of Camtek from $85.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Stifel Nicolaus upped their price target on shares of Camtek from $98.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, Needham & Company LLC lifted their price objective on Camtek from $125.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.58.

Check Out Our Latest Stock Analysis on CAMT

Camtek Trading Up 4.7%

Shares of CAMT stock opened at $137.80 on Friday. The business has a 50-day moving average price of $111.27 and a two-hundred day moving average price of $102.12. Camtek has a 12-month low of $47.41 and a 12-month high of $141.38. The company has a quick ratio of 6.52, a current ratio of 7.58 and a debt-to-equity ratio of 0.90. The firm has a market cap of $6.28 billion, a P/E ratio of 153.11, a price-to-earnings-growth ratio of 2.84 and a beta of 1.55.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Analog Century Management LP purchased a new stake in Camtek in the 2nd quarter worth approximately $52,321,000. Wasatch Advisors LP boosted its holdings in Camtek by 18.6% in the second 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in 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 purchasing an additional 532,944 shares during the period. Menora Mivtachim Holdings LTD. lifted 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 period. Finally, Millennium Management LLC lifted its position in shares of Camtek by 169.8% in the 3rd 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. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Company Profile

(Get Free Report)

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.

Recommended Stories