Camtek (CAMT) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of Camtek (NASDAQ:CAMT) from a sell rating to a hold rating in a research note released on Tuesday morning.

CAMT has been the topic of several other reports. Zacks Investment Research lowered Camtek from a hold rating to a sell rating in a research note on Tuesday, July 3rd. B. Riley boosted their price target on Camtek from $8.50 to $11.00 and gave the company a buy rating in a research note on Wednesday, August 1st. Finally, ValuEngine lowered Camtek from a buy rating to a hold rating in a research note on Tuesday, October 9th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $9.44.

CAMT traded up $0.03 on Tuesday, hitting $8.30. 1,037 shares of the stock traded hands, compared to its average volume of 150,923. Camtek has a 52 week low of $5.15 and a 52 week high of $11.11. The firm has a market capitalization of $284.86 million, a price-to-earnings ratio of 32.08 and a beta of 1.28.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Wednesday, October 31st. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Camtek had a return on equity of 16.72% and a net margin of 20.86%. The firm had revenue of $32.30 million for the quarter, compared to analyst estimates of $31.75 million. Camtek’s quarterly revenue was up 35.7% compared to the same quarter last year. On average, equities research analysts expect that Camtek will post 0.54 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in CAMT. Campbell & CO Investment Adviser LLC bought a new stake in shares of Camtek in the 2nd quarter valued at approximately $201,000. Fortaleza Asset Management Inc. bought a new stake in shares of Camtek in the 2nd quarter valued at approximately $122,000. Acadian Asset Management LLC grew its stake in shares of Camtek by 539.6% in the 2nd quarter. Acadian Asset Management LLC now owns 175,163 shares of the semiconductor company’s stock valued at $1,286,000 after purchasing an additional 147,776 shares during the period. Renaissance Technologies LLC grew its stake in shares of Camtek by 10.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,271,500 shares of the semiconductor company’s stock valued at $9,346,000 after purchasing an additional 125,000 shares during the period. Finally, Macquarie Group Ltd. bought a new stake in shares of Camtek in the 2nd quarter valued at approximately $347,000. Institutional investors own 22.47% of the company’s stock.

About Camtek

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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