Camtek LTD. (NASDAQ:CAMT) rose 7.2% during mid-day trading on Monday . The company traded as high as $8.36 and last traded at $7.91. Approximately 586,254 shares traded hands during trading, an increase of 226% from the average daily volume of 179,966 shares. The stock had previously closed at $7.38.
CAMT has been the subject of several research reports. B. Riley upped their price objective on shares of Camtek from $10.00 to $10.50 and gave the company a “buy” rating in a research note on Thursday, November 1st. BidaskClub raised shares of Camtek from a “hold” rating to a “buy” rating in a research note on Wednesday, December 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $9.92.
The stock has a market cap of $296.38 million, a PE ratio of 30.42 and a beta of 1.21.
A number of large investors have recently modified their holdings of CAMT. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Camtek in the 4th quarter valued at approximately $104,000. Virtu Financial LLC purchased a new position in Camtek during the fourth quarter worth about $129,000. State of New Jersey Common Pension Fund D purchased a new position in shares of Camtek during the 3rd quarter worth approximately $142,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Camtek during the 4th quarter worth approximately $236,000. Finally, ETF Managers Group LLC boosted its position in shares of Camtek by 21.0% during the 4th quarter. ETF Managers Group LLC now owns 35,135 shares of the semiconductor company’s stock worth $238,000 after purchasing an additional 6,088 shares during the period. Institutional investors own 23.60% of the company’s stock.
About Camtek (NASDAQ:CAMT)
Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.
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