Camtek (NASDAQ:CAMT) Stock Rating Lowered by Wall Street Zen

Camtek (NASDAQ:CAMT) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other brokerages have also recently weighed in on CAMT. Evercore ISI boosted their price target on shares of Camtek from $100.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, November 11th. Stifel Nicolaus boosted their target price on Camtek from $98.00 to $115.00 and gave the company a “buy” rating in a report on Monday, October 13th. Jefferies Financial Group raised their price target on Camtek from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Camtek in a research report on Monday, December 29th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $120.00 price objective on shares of Camtek in a research note on Tuesday, December 16th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Camtek currently has an average rating of “Moderate Buy” and an average price target of $123.00.

Camtek Stock Up 8.6%

CAMT stock opened at $115.50 on Friday. The stock has a market cap of $5.27 billion, a P/E ratio of 128.33, a PEG ratio of 2.49 and a beta of 1.55. The company has a current ratio of 7.58, a quick ratio of 6.52 and a debt-to-equity ratio of 0.90. Camtek has a twelve month low of $47.41 and a twelve month high of $129.41. The company’s 50 day moving average is $110.27 and its two-hundred day moving average is $99.88.

Institutional Trading of Camtek

A number of hedge funds have recently added to or reduced their stakes in CAMT. JPMorgan Chase & Co. increased its holdings in shares of Camtek by 42.8% in the third quarter. JPMorgan Chase & Co. now owns 51,694 shares of the semiconductor company’s stock valued at $5,430,000 after purchasing an additional 15,490 shares during the period. Polar Asset Management Partners Inc. purchased a new position in Camtek in the 3rd quarter valued at $3,283,000. Advisory Services Network LLC acquired a new position in Camtek in the 3rd quarter valued at $32,000. Morningstar Investment Management LLC purchased a new position in Camtek during the 3rd quarter worth $2,155,000. Finally, NewEdge Advisors LLC purchased a new position in Camtek during the 3rd quarter worth $205,000. 41.93% of the stock is owned by institutional investors and hedge funds.

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.