Camtek (NASDAQ:CAMT) Hits New 12-Month High – Still a Buy?

Camtek Ltd. (NASDAQ:CAMT)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $136.55 and last traded at $136.35, with a volume of 89600 shares. The stock had previously closed at $131.67.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CAMT. Northland Securities set a $140.00 price target on Camtek in a research report on Tuesday, October 7th. Needham & Company LLC raised their price objective on Camtek from $125.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Jefferies Financial Group upped their target price on Camtek from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. B. Riley increased 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. Finally, Bank of America upgraded shares of Camtek from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $95.00 to $135.00 in a report on Monday, October 13th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Camtek has a consensus rating of “Moderate Buy” and an average price target of $127.58.

Camtek Stock Up 4.7%

The firm has a market cap of $6.28 billion, a PE ratio of 153.11, a PEG ratio of 2.84 and a beta of 1.55. 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 company’s 50-day simple moving average is $110.98 and its two-hundred day simple moving average is $101.74.

Hedge Funds Weigh In On Camtek

Several hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in Camtek in the third quarter valued at $32,000. Advisors Asset Management Inc. lifted its position in shares of Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 293 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Camtek in the 3rd quarter worth about $54,000. Optimum Investment Advisors boosted its stake in shares of Camtek by 60.0% during the 2nd quarter. Optimum Investment Advisors now owns 1,200 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 450 shares in the last quarter. Finally, Aventura Private Wealth LLC purchased a new position in shares of Camtek during the fourth quarter valued at about $108,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

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.