Camtek Ltd. (CAMT) Rating Increased to Buy at Zacks Investment Research
Camtek Ltd. (NASDAQ:CAMT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $3.25 price target on the stock. Zacks Investment Research’s price target suggests a potential upside of 10.92% from the stock’s current price.
According to Zacks, “Camtek Ltd., designs, develops, manufactures, and markets automatic optical inspection systems and related products. Camtek’s automatic inspection systems are used to enhance both production processes and yield for manufacturers in the printed circuit board industry, the high density interconnect substrate industry and the semiconductor manufacturing and packaging industry. “
A number of other research firms have also recently issued reports on CAMT. B. Riley reissued a “buy” rating and set a $3.25 price objective on shares of Camtek in a research report on Tuesday, August 23rd. Needham & Company LLC lifted their target price on shares of Camtek from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Friday, July 22nd. Finally, TheStreet raised shares of Camtek from a “sell” rating to a “hold” rating in a research note on Thursday, July 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Camtek currently has an average rating of “Buy” and an average price target of $3.58.
Camtek (NASDAQ:CAMT) opened at 2.93 on Tuesday. Camtek has a 12-month low of $1.58 and a 12-month high of $3.20. The company’s 50-day moving average price is $2.97 and its 200-day moving average price is $2.46. The company’s market cap is $103.57 million.
Hedge funds and other institutional investors have recently modified their holdings of the company. Algert Global LLC boosted its position in shares of Camtek by 24.2% in the third quarter. Algert Global LLC now owns 112,365 shares of the company’s stock valued at $338,000 after buying an additional 21,895 shares during the period. Grandeur Peak Global Advisors LLC bought a new position in Camtek during the second quarter valued at $360,000. Finally, Kennedy Capital Management Inc. boosted its position in Camtek by 1.0% in the first quarter. Kennedy Capital Management Inc. now owns 375,043 shares of the company’s stock valued at $743,000 after buying an additional 3,761 shares during the last quarter. 13.80% of the stock is owned by institutional investors and hedge funds.
Camtek Company Profile
Camtek Ltd. provides automated and technological solutions for production processes and products yield, enabling and supporting customers’ technologies in the semiconductor fabrication and printed circuit board (PCB) industries. The Company designs, develops, manufactures and markets products mainly based on two core technologies: automated optical inspection (AOI) and functional ink technology (FIT).
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