Camtek (NASDAQ:CAMT) Trading 9.3% Higher – Time to Buy?

Camtek Ltd. (NASDAQ:CAMT)’s share price shot up 9.3% during trading on Thursday . The stock traded as high as $145.38 and last traded at $145.2560. 160,154 shares were traded during trading, a decline of 66% from the average session volume of 465,992 shares. The stock had previously closed at $132.92.

Wall Street Analyst Weigh In

CAMT has been the subject of a number of research reports. Northland Securities set a $140.00 price objective on Camtek in a research report on Tuesday, October 7th. Wall Street Zen raised Camtek from a “sell” rating to a “hold” rating in a research note on Sunday. Cantor Fitzgerald reissued a “neutral” rating and issued a $120.00 price target on shares of Camtek in a research note on Tuesday, December 16th. Needham & Company LLC raised their price objective on shares of Camtek from $125.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Finally, Stifel Nicolaus lifted their target price on shares of Camtek from $98.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.58.

Camtek Stock Up 11.9%

The stock has a market cap of $6.78 billion, a P/E ratio of 165.35, a P/E/G ratio of 2.94 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. The firm’s fifty day moving average is $111.84 and its 200 day moving average is $102.70.

Institutional Trading of Camtek

Several hedge funds have recently added to or reduced their stakes in CAMT. Advisors Asset Management Inc. increased its position in 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 buying an additional 293 shares during the period. Goldman Sachs Group Inc. increased its position in Camtek by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company’s stock worth $8,749,000 after acquiring an additional 16,117 shares during the period. Taylor Frigon Capital Management LLC raised its stake in Camtek by 18.2% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 32,518 shares of the semiconductor company’s stock valued at $2,750,000 after purchasing an additional 5,005 shares during the last quarter. Blue Trust Inc. boosted its holdings in Camtek by 34.9% in the 2nd quarter. Blue Trust Inc. now owns 5,716 shares of the semiconductor company’s stock valued at $483,000 after purchasing an additional 1,479 shares during the period. Finally, Aberdeen Group plc increased its holdings in shares of Camtek by 12.0% during the 2nd quarter. Aberdeen Group plc now owns 217,189 shares of the semiconductor company’s stock worth $18,463,000 after purchasing an additional 23,218 shares during the period. Institutional investors own 41.93% of the company’s stock.

About Camtek

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.