TheStreet Lowers Camtek Ltd. (CAMT) to C

Camtek Ltd. (NASDAQ:CAMT) was downgraded by equities research analysts at TheStreet from a “b” rating to a “c” rating in a research report issued on Friday, August 4th.

CAMT has been the subject of a number of other reports. B. Riley reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Camtek in a research report on Friday, July 21st. Zacks Investment Research cut Camtek from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Needham & Company LLC cut Camtek from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, ValuEngine raised Camtek from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $6.00.

Shares of Camtek (CAMT) opened at 4.30 on Friday. The company has a 50-day moving average price of $5.08 and a 200 day moving average price of $4.57. The firm has a market capitalization of $152.21 million, a price-to-earnings ratio of 53.09 and a beta of 0.90. Camtek has a 12-month low of $2.38 and a 12-month high of $7.96.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.10 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 analysts’ expectations of $33.50 million. Equities research analysts expect that Camtek will post $0.39 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the company. Algert Global LLC raised its position 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 worth $526,000 after buying an additional 18,569 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Camtek during the second quarter worth $107,000. Acadian Asset Management LLC raised its position 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 worth $478,000 after buying an additional 28,562 shares during the period. TFS Capital LLC bought a new position in Camtek during the first quarter worth approximately $118,000. Finally, Endurance Wealth Management Inc. bought a new position in Camtek during the second quarter worth approximately $150,000. Institutional investors own 18.22% 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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