BidaskClub downgraded shares of Camtek (NASDAQ:CAMT) from a strong-buy rating to a buy rating in a research report report published on Saturday.
CAMT has been the subject of several other research reports. Northland Securities initiated coverage on shares of Camtek in a report on Monday, April 9th. They set an outperform rating and a $10.00 target price for the company. Zacks Investment Research upgraded shares of Camtek from a hold rating to a buy rating and set a $8.00 target price for the company in a report on Friday, May 4th. Finally, ValuEngine upgraded shares of Camtek from a buy rating to a strong-buy rating in a report on Wednesday, May 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $8.50.
Shares of Camtek opened at $7.66 on Friday, according to MarketBeat Ratings. Camtek has a 12 month low of $4.17 and a 12 month high of $8.74. The firm has a market cap of $279.02 million, a P/E ratio of 29.46 and a beta of 1.15.
Camtek (NASDAQ:CAMT) last announced its earnings results on Wednesday, May 2nd. The semiconductor company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. Camtek had a net margin of 14.25% and a return on equity of 16.69%. The business had revenue of $27.30 million during the quarter, compared to analysts’ expectations of $26.60 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The firm’s revenue was up 29.4% on a year-over-year basis. analysts forecast that Camtek will post 0.48 EPS for the current fiscal year.
The company also recently declared a Not Available dividend, which was paid on Tuesday, May 29th. Shareholders of record on Wednesday, May 16th were paid a $0.14 dividend. The ex-dividend date was Tuesday, May 15th. Camtek’s dividend payout ratio is currently 107.69%.
Hedge funds have recently made changes to their positions in the business. ARK Investment Management LLC acquired a new stake in Camtek in the fourth quarter valued at $259,000. Two Sigma Investments LP acquired a new stake in Camtek in the fourth quarter valued at $388,000. Deutsche Bank AG acquired a new stake in Camtek in the fourth quarter valued at $485,000. Meitav Dash Investments Ltd. acquired a new stake in Camtek in the fourth quarter valued at $2,041,000. Finally, Renaissance Technologies LLC lifted its stake in Camtek by 8.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,213,960 shares of the semiconductor company’s stock valued at $6,944,000 after acquiring an additional 90,260 shares during the last quarter. Hedge funds and other institutional investors own 20.71% of the company’s stock.
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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