StockNews.com Begins Coverage on Camtek (NASDAQ:CAMT)

StockNews.com initiated coverage on shares of Camtek (NASDAQ:CAMT – Get Rating) in a report published on Thursday morning. The brokerage issued a buy rating on the semiconductor company’s stock.

Several other brokerages also recently commented on CAMT. Barclays raised their price target on shares of Camtek from $26.00 to $28.00 and gave the company an equal weight rating in a report on Friday, February 17th. B. Riley lifted their price objective on shares of Camtek from $27.00 to $30.00 and gave the stock a neutral rating in a report on Friday, February 17th. Northland Securities dropped their price objective on shares of Camtek to $40.00 in a report on Monday, November 21st. Finally, Needham & Company LLC lifted their price objective on shares of Camtek from $36.00 to $40.00 and gave the stock a buy rating in a report on Friday, February 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $33.00.

Camtek Stock Down 1.8 %

Shares of NASDAQ:CAMT opened at $27.05 on Thursday. The firm has a fifty day moving average price of $26.77 and a two-hundred day moving average price of $24.65. The company has a debt-to-equity ratio of 0.51, a current ratio of 6.29 and a quick ratio of 5.55. Camtek has a one year low of $20.83 and a one year high of $34.61. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 2.98 and a beta of 1.46.

Institutional Trading of Camtek

Hedge funds have recently made changes to their positions in the stock. Sphera Funds Management LTD. purchased a new position in Camtek in the 4th quarter worth $2,416,000. Millennium Management LLC raised its position in Camtek by 104.3% in the 4th quarter. Millennium Management LLC now owns 397,423 shares of the semiconductor company’s stock worth $8,727,000 after purchasing an additional 202,935 shares during the period. Morgan Stanley raised its position in Camtek by 16.5% in the 4th quarter. Morgan Stanley now owns 163,415 shares of the semiconductor company’s stock worth $3,589,000 after purchasing an additional 23,177 shares during the period. Norges Bank purchased a new position in Camtek in the 4th quarter worth $896,000. Finally, Marshall Wace LLP purchased a new position in Camtek in the 4th quarter worth $1,501,000. 27.52% of the stock is owned by institutional investors.

About Camtek

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Camtek Ltd. engages in the development and manufacturing of inspection and metrology equipment for the semiconductor industry. It offers services to the semiconductor market segments, including Advanced Packaging, Memory, CMOS Image Sensors, Power, RF and MEMS, serving the industry’s global IDMs, OSATs, and foundries.