Camtek (NASDAQ:CAMT) Sets New 52-Week High – Still a Buy?

Camtek Ltd. (NASDAQ:CAMT)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $155.34 and last traded at $151.96, with a volume of 11475 shares changing hands. The stock had previously closed at $147.78.

Analyst Ratings Changes

CAMT has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on Camtek from $98.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. B. Riley upped their target price on Camtek from $145.00 to $175.00 and gave the company a “buy” rating in a report on Monday. Needham & Company LLC lifted their price target on Camtek from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Cantor Fitzgerald restated a “neutral” rating and set a $120.00 target price on shares of Camtek in a report on Tuesday, December 16th. Finally, Bank of America lifted their target price on shares of Camtek from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.17.

Camtek Trading Up 1.3%

The business’s fifty day moving average price is $119.03 and its 200 day moving average price is $106.37. 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 has a market capitalization of $6.82 billion, a PE ratio of 165.18, a P/E/G ratio of 3.07 and a beta of 1.55.

Institutional Investors Weigh In On Camtek

Several institutional investors have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Camtek by 12.0% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock worth $140,205,000 after purchasing an additional 140,796 shares in the last quarter. Merit Financial Group LLC purchased a new position in shares of Camtek during the 4th quarter valued at approximately $435,000. Sovran Advisors LLC acquired a new stake in shares of Camtek during the fourth quarter worth approximately $155,000. Palisades Investment Partners LLC increased its stake in shares of Camtek by 10.0% in the fourth quarter. Palisades Investment Partners LLC now owns 6,927 shares of the semiconductor company’s stock worth $737,000 after buying an additional 628 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Camtek by 38.6% in the fourth quarter. SG Americas Securities LLC now owns 19,833 shares of the semiconductor company’s stock worth $2,109,000 after buying an additional 5,528 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.