Camtek (NASDAQ:CAMT) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Camtek (NASDAQ:CAMT) from a hold rating to a sell rating in a research note published on Saturday.

Other equities research analysts have also issued reports about the stock. Bank of America upgraded shares of Camtek from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $95.00 to $135.00 in a report on Monday, October 13th. Jefferies Financial Group lifted their price target on Camtek from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Barclays boosted their price target on Camtek from $85.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Camtek in a research report on Monday, December 29th. Finally, B. Riley lifted their target price on Camtek from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.00.

Camtek Price Performance

NASDAQ CAMT opened at $123.88 on Friday. 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 stock has a market cap of $5.65 billion, a price-to-earnings ratio of 137.64, a PEG ratio of 2.49 and a beta of 1.55. The business has a 50 day simple moving average of $110.33 and a 200 day simple moving average of $100.23. Camtek has a 52-week low of $47.41 and a 52-week high of $129.41.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CAMT. Advisory Services Network LLC acquired a new position in shares of Camtek during the 3rd quarter worth approximately $32,000. Advisors Asset Management Inc. increased its holdings in Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after buying an additional 293 shares during the last quarter. Rothschild Investment LLC bought a new stake in Camtek during the third quarter worth $54,000. Optimum Investment Advisors raised its position in Camtek by 60.0% during the second quarter. Optimum Investment Advisors now owns 1,200 shares of the semiconductor company’s stock worth $101,000 after acquiring an additional 450 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in Camtek in the third quarter valued at $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.