Camtek (CAMT) Sees Large Volume Increase

Camtek LTD. (NASDAQ:CAMT) shares saw unusually-strong trading volume on Tuesday . Approximately 1,020,248 shares traded hands during mid-day trading, an increase of 346% from the previous session’s volume of 228,941 shares.The stock last traded at $6.64 and had previously closed at $6.07.

A number of equities research analysts have recently commented on CAMT shares. TheStreet upgraded shares of Camtek from a “c” rating to a “b” rating in a research report on Thursday, November 9th. Needham & Company LLC upgraded shares of Camtek from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a research report on Tuesday, October 3rd. B. Riley increased their target price on shares of Camtek from $7.00 to $7.50 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research upgraded shares of Camtek from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research report on Thursday, September 21st. Finally, ValuEngine cut shares of Camtek from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $6.67.

The firm has a market cap of $229.15, a PE ratio of -333.00 and a beta of 0.99.

Institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC acquired a new stake in Camtek during the second quarter worth about $107,000. PEAK6 Investments L.P. increased its position in Camtek by 632.2% during the third quarter. PEAK6 Investments L.P. now owns 21,444 shares of the semiconductor company’s stock worth $110,000 after purchasing an additional 25,473 shares during the last quarter. Navellier & Associates Inc acquired a new stake in Camtek during the second quarter worth about $208,000. Engineers Gate Manager LP acquired a new stake in Camtek during the second quarter worth about $257,000. Finally, JPMorgan Chase & Co. acquired a new stake in Camtek during the third quarter worth about $468,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

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About Camtek

Camtek Ltd is an Israel-based manufacturer of metrology and inspection equipment and a provider of software solutions. The Company mainly serves the Advanced Packaging, Memory, Complementary Metal Oxide Semiconductor (CMOS) Image Sensors, Micro Electro Mechanical Sensor (MEMS), Radio Frequency (RF) and other segments in the mid end of the semiconductors industry.

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