Camtek (NASDAQ:CAMT) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Camtek (NASDAQ:CAMT) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other brokerages also recently commented on CAMT. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Camtek in a report on Monday, December 29th. B. Riley raised their price objective on Camtek from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Wall Street Zen upgraded Camtek from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. Evercore ISI increased their price target on Camtek from $100.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Finally, Northland Securities set a $140.00 price target on Camtek in a research report on Tuesday, October 7th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.17.

Camtek Price Performance

Camtek stock opened at $141.40 on Monday. Camtek has a 52-week low of $47.41 and a 52-week high of $155.79. 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’s fifty day moving average is $123.88 and its 200 day moving average is $108.35. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 157.11, a PEG ratio of 3.06 and a beta of 1.57.

Institutional Investors Weigh In On Camtek

Several hedge funds have recently made changes to their positions in CAMT. Wasatch Advisors LP boosted its position in Camtek by 14.7% during the 3rd quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock valued at $422,373,000 after acquiring an additional 513,956 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Camtek by 0.4% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,142,171 shares of the semiconductor company’s stock worth $182,976,000 after purchasing an additional 7,500 shares during the last quarter. Menora Mivtachim Holdings LTD. lifted its stake in shares of Camtek by 31.1% during 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 last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in Camtek by 56.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,665,236 shares of the semiconductor company’s stock valued at $177,090,000 after purchasing an additional 604,097 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in Camtek by 12.0% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock valued at $140,205,000 after purchasing an additional 140,796 shares during the last quarter. 41.93% of the stock is currently 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.