Camtek (CAMT) Downgraded to Hold at ValuEngine

ValuEngine downgraded shares of Camtek (NASDAQ:CAMT) from a buy rating to a hold rating in a research report report published on Thursday.

A number of other research analysts have also issued reports on CAMT. Zacks Investment Research lowered Camtek from a buy rating to a hold rating in a report on Friday, September 22nd. TheStreet raised Camtek from a c rating to a b rating in a report on Thursday, November 9th. Needham & Company LLC raised Camtek from a hold rating to a buy rating and set a $7.00 target price on the stock in a report on Tuesday, October 3rd. Finally, B. Riley lifted their target price on Camtek from $7.00 to $7.50 and gave the stock a buy rating in a report on Wednesday, November 8th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $6.67.

Camtek (NASDAQ:CAMT) traded up $0.23 during trading hours on Thursday, reaching $6.00. The company had a trading volume of 80,500 shares, compared to its average volume of 67,367. The firm has a market capitalization of $215.29, a price-to-earnings ratio of -300.00 and a beta of 0.99. Camtek has a 1 year low of $3.00 and a 1 year high of $7.96.

Several large investors have recently added to or reduced their stakes in CAMT. Cubist Systematic Strategies LLC acquired a new position in shares of Camtek in the 2nd quarter valued at $107,000. PEAK6 Investments L.P. boosted its position in shares of Camtek by 632.2% in the 3rd quarter. PEAK6 Investments L.P. now owns 21,444 shares of the semiconductor company’s stock valued at $110,000 after purchasing an additional 25,473 shares during the period. Navellier & Associates Inc acquired a new position in shares of Camtek in the 2nd quarter valued at $208,000. Engineers Gate Manager LP acquired a new position in shares of Camtek in the 2nd quarter valued at $257,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Camtek in the 3rd quarter valued at $468,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/01/05/camtek-camt-downgraded-to-hold-at-valuengine.html.

Camtek Company Profile

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.

Receive News & Ratings for Camtek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camtek and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply