Camtek LTD. (NASDAQ:CAMT) – Equities research analysts at B. Riley lifted their Q3 2018 EPS estimates for Camtek in a report released on Wednesday, October 31st. B. Riley analyst C. Ellis now anticipates that the semiconductor company will earn $0.16 per share for the quarter, up from their prior estimate of $0.15. B. Riley has a “Buy” rating and a $10.50 price objective on the stock. B. Riley also issued estimates for Camtek’s Q4 2018 earnings at $0.16 EPS, FY2018 earnings at $0.56 EPS, Q1 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.18 EPS and FY2019 earnings at $0.68 EPS.
A number of other research firms have also recently weighed in on CAMT. BidaskClub upgraded Camtek from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 9th. Zacks Investment Research raised Camtek from a “sell” rating to a “hold” rating and set a $9.25 target price on the stock in a research report on Wednesday, August 1st. Finally, ValuEngine lowered Camtek from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Camtek presently has a consensus rating of “Buy” and an average price target of $9.44.
NASDAQ CAMT opened at $8.27 on Thursday. The company has a market capitalization of $284.86 million, a price-to-earnings ratio of 31.81 and a beta of 1.28. Camtek has a fifty-two week low of $5.15 and a fifty-two week high of $11.11.
Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Wednesday, October 31st. The semiconductor company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. The firm had revenue of $32.30 million during the quarter, compared to analysts’ expectations of $31.75 million. Camtek had a return on equity of 16.72% and a net margin of 20.86%. The business’s quarterly revenue was up 35.7% on a year-over-year basis.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC raised its position 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 in the last quarter. Acadian Asset Management LLC raised its position 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 in the last quarter. Millennium Management LLC acquired a new position in shares of Camtek in the 2nd quarter valued at approximately $1,086,000. Macquarie Group Ltd. acquired a new position in shares of Camtek in the 2nd quarter valued at approximately $347,000. Finally, Jane Street Group LLC acquired a new position in shares of Camtek in the 2nd quarter valued at approximately $272,000. 22.47% of the stock is currently owned by institutional investors.
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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