Camtek Ltd. (NASDAQ:CAMT) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday, July 11th.
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. “
Several other analysts also recently issued reports on the company. Needham & Company LLC downgraded Camtek from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. ValuEngine upgraded Camtek from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, B. Riley reiterated a “buy” rating and issued a $6.00 price target on shares of Camtek in a report on Saturday, May 13th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $6.00.
Shares of Camtek (CAMT) traded up 3.17% during midday trading on Tuesday, hitting $4.55. The company’s stock had a trading volume of 166,427 shares. The firm has a 50-day moving average of $5.20 and a 200 day moving average of $4.53. Camtek has a 12-month low of $2.38 and a 12-month high of $7.96. The firm has a market cap of $161.06 million, a price-to-earnings ratio of 56.17 and a beta of 0.90.
Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Camtek had a return on equity of 15.32% and a net margin of 2.56%. The firm had revenue of $22.68 million during the quarter, compared to the consensus estimate of $33.50 million. On average, equities research analysts predict that Camtek will post $0.39 EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the stock. TFS Capital LLC acquired a new stake in shares of Camtek during the first quarter valued at $118,000. Renaissance Technologies LLC increased its stake in shares of Camtek by 24.5% in the fourth quarter. Renaissance Technologies LLC now owns 919,930 shares of the semiconductor company’s stock valued at $3,027,000 after buying an additional 180,930 shares in the last quarter. Algert Global LLC increased its stake in shares of Camtek by 15.5% in the first quarter. Algert Global LLC now owns 138,072 shares of the semiconductor company’s stock valued at $526,000 after buying an additional 18,569 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Camtek by 29.5% in the first quarter. Acadian Asset Management LLC now owns 125,369 shares of the semiconductor company’s stock valued at $478,000 after buying an additional 28,562 shares in the last quarter. Finally, Endurance Wealth Management Inc. acquired a new stake in shares of Camtek during the second quarter valued at $150,000. Institutional investors own 18.25% of the company’s stock.
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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