TheStreet Upgrades Camtek Ltd. (CAMT) to B

Camtek Ltd. (NASDAQ:CAMT) was upgraded by research analysts at TheStreet from a “c” rating to a “b” rating in a note issued to investors on Thursday.

Other equities analysts have also issued reports about the company. B. Riley restated a “buy” rating and set a $7.00 price target on shares of Camtek in a research note on Wednesday, August 9th. Needham & Company LLC upgraded Camtek from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research lowered Camtek from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Camtek presently has a consensus rating of “Buy” and a consensus price target of $6.67.



Camtek (NASDAQ CAMT) traded down $0.03 during trading on Thursday, hitting $5.95. The stock had a trading volume of 95,800 shares, compared to its average volume of 316,371. The company has a market capitalization of $211.80, a price-to-earnings ratio of 17.59 and a beta of 1.01. Camtek has a twelve month low of $2.82 and a twelve month high of $7.96.

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Institutional investors and hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new stake in Camtek during the second quarter valued at approximately $107,000. Endurance Wealth Management Inc. acquired a new stake in Camtek during the second quarter valued at approximately $150,000. Navellier & Associates Inc acquired a new stake in Camtek during the second quarter valued at approximately $208,000. Engineers Gate Manager LP acquired a new stake in Camtek during the second quarter valued at approximately $257,000. Finally, JPMorgan Chase & Co. acquired a new stake in Camtek during the third quarter valued at approximately $468,000. Hedge funds and other institutional investors own 17.17% of the company’s stock.

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).

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