Camtek (NASDAQ:CAMT) Reaches New 1-Year High – Time to Buy?

Camtek Ltd. (NASDAQ:CAMT) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $151.24 and last traded at $145.88, with a volume of 97878 shares trading hands. The stock had previously closed at $146.33.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CAMT. Jefferies Financial Group increased their price objective on Camtek from $130.00 to $140.00 and gave the company a “buy” rating in a report on Monday, December 15th. Barclays restated an “overweight” rating and set a $155.00 price objective on shares of Camtek in a research report on Thursday, January 15th. Wall Street Zen raised shares of Camtek from a “sell” rating to a “hold” rating in a research report on Sunday, January 11th. Zacks Research lowered shares of Camtek from a “hold” rating to a “strong sell” rating in a research note on Friday, January 2nd. Finally, Needham & Company LLC lifted their target price on shares of Camtek from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Camtek has an average rating of “Moderate Buy” and an average target price of $134.67.

Camtek Stock Performance

The company has a debt-to-equity ratio of 0.90, a current ratio of 7.58 and a quick ratio of 6.52. The company has a fifty day moving average price of $115.23 and a 200 day moving average price of $104.72. The stock has a market cap of $6.64 billion, a P/E ratio of 161.76, a P/E/G ratio of 3.11 and a beta of 1.55.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CAMT. Advisory Services Network LLC acquired a new stake in shares of Camtek in the 3rd quarter worth about $32,000. Rothschild Investment LLC purchased a new position in shares of Camtek during the third quarter valued at approximately $54,000. Advisors Asset Management Inc. grew 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 in the last quarter. Aventura Private Wealth LLC purchased a new stake in Camtek in the 4th quarter valued at $108,000. Finally, Optimum Investment Advisors lifted its stake in 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 acquiring an additional 450 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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.