Camtek (CAMT) Trading Up 7.2%

Shares of Camtek LTD. (NASDAQ:CAMT) were up 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 changed hands during trading, an increase of 226% from the average daily volume of 179,966 shares. The stock had previously closed at $7.38.

A number of analysts have issued reports on CAMT shares. BidaskClub downgraded Camtek from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. B. Riley boosted their target price on Camtek from $10.00 to $10.50 and gave the stock a “buy” rating in a research note on Thursday, November 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $9.92.

The stock has a market capitalization of $296.38 million, a price-to-earnings ratio of 30.42 and a beta of 1.21.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Algert Global LLC purchased a new stake in Camtek in the third quarter valued at $799,000. Acadian Asset Management LLC lifted its holdings in shares of Camtek by 167.1% in the 3rd quarter. Acadian Asset Management LLC now owns 467,782 shares of the semiconductor company’s stock valued at $4,009,000 after purchasing an additional 292,619 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Camtek in the 3rd quarter valued at about $3,539,000. Renaissance Technologies LLC lifted its holdings in shares of Camtek by 24.5% in the 3rd quarter. Renaissance Technologies LLC now owns 1,583,300 shares of the semiconductor company’s stock valued at $13,569,000 after purchasing an additional 311,800 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Camtek by 7,075.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 48,794 shares of the semiconductor company’s stock valued at $418,000 after purchasing an additional 48,114 shares during the last quarter. 23.60% of the stock is owned by hedge funds and other institutional investors.

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Camtek Company Profile (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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