According to Zacks, “Camtek Ltd., designs, develops, manufactures, and markets automatic optical inspection systems and related products. Camtek’s automatic inspection systems are used to enhance both production processes and yield for manufacturers in the printed circuit board industry, the high density interconnect substrate industry and the semiconductor manufacturing and packaging industry. “
A number of other brokerages also recently weighed in on CAMT. B. Riley reissued a buy rating and set a $3.25 target price on shares of Camtek in a research note on Monday, July 25th. TheStreet raised shares of Camtek from a sell rating to a hold rating in a research note on Thursday, July 21st. Finally, Needham & Company LLC lifted their target price on shares of Camtek from $3.00 to $4.00 and gave the stock a buy rating in a research note on Friday, July 22nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $3.42.
Camtek (NASDAQ:CAMT) traded up 1.36% during trading on Tuesday, hitting $2.99. 737 shares of the stock were exchanged. Camtek has a 52 week low of $1.58 and a 52 week high of $3.20. The firm’s market cap is $105.69 million. The firm’s 50-day moving average is $2.81 and its 200 day moving average is $2.37.
A number of large investors have recently bought and sold shares of the stock. Kennedy Capital Management Inc. increased its stake in Camtek by 1.0% in the first quarter. Kennedy Capital Management Inc. now owns 375,043 shares of the company’s stock valued at $743,000 after buying an additional 3,761 shares during the period. Menta Capital LLC increased its stake in Camtek by 24.6% in the first quarter. Menta Capital LLC now owns 69,971 shares of the company’s stock valued at $139,000 after buying an additional 13,828 shares during the period. Algert Global LLC increased its stake in Camtek by 24.2% in the third quarter. Algert Global LLC now owns 112,365 shares of the company’s stock valued at $338,000 after buying an additional 21,895 shares during the period. Renaissance Technologies LLC increased its stake in Camtek by 8.3% in the first quarter. Renaissance Technologies LLC now owns 663,200 shares of the company’s stock valued at $1,313,000 after buying an additional 50,600 shares during the period. Finally, Grandeur Peak Global Advisors LLC bought a new stake in Camtek during the second quarter valued at $360,000. 13.73% of the stock is owned by hedge funds and other institutional investors.
Camtek Company Profile
Camtek Ltd. provides automated and technological solutions for production processes and products yield, enabling and supporting customers’ technologies in the semiconductor fabrication and printed circuit board (PCB) industries. The Company designs, develops, manufactures and markets products mainly based on two core technologies: automated optical inspection (AOI) and functional ink technology (FIT).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Camtek Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camtek Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.