Camtek (NASDAQ:CAMT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm currently has a $10.00 price target on the semiconductor company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 9.05% from the stock’s current price.
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. “
A number of other research firms also recently issued reports on CAMT. BidaskClub upgraded Camtek from a “hold” rating to a “buy” rating in a research note on Thursday. ValuEngine upgraded Camtek from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, B. Riley lifted their price target on Camtek from $10.00 to $10.50 and gave the company a “buy” rating in a research note on Thursday, November 1st. Five analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $10.17.
Shares of CAMT opened at $9.17 on Thursday. The stock has a market capitalization of $331.92 million, a PE ratio of 17.63 and a beta of 1.21. Camtek has a one year low of $6.29 and a one year high of $11.11.
Camtek (NASDAQ:CAMT) last issued its earnings results on Wednesday, February 13th. The semiconductor company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The company had revenue of $33.20 million during the quarter, compared to the consensus estimate of $33.00 million. Camtek had a return on equity of 21.25% and a net margin of 15.21%. The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period last year, the business posted $0.10 EPS. Analysts anticipate that Camtek will post 0.71 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in the business. D. E. Shaw & Co. Inc. acquired a new position in Camtek during the 4th quarter valued at about $151,000. Menta Capital LLC boosted its stake in Camtek by 3.3% during the 4th quarter. Menta Capital LLC now owns 129,422 shares of the semiconductor company’s stock valued at $876,000 after purchasing an additional 4,100 shares during the last quarter. Intrinsic Edge Capital Management LLC boosted its stake in Camtek by 11.0% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 146,432 shares of the semiconductor company’s stock valued at $991,000 after purchasing an additional 14,509 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in Camtek by 6.7% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 39,035 shares of the semiconductor company’s stock valued at $261,000 after purchasing an additional 2,435 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Camtek during the 4th quarter valued at about $236,000. Institutional investors and hedge funds own 23.60% of the company’s stock.
Camtek Company Profile
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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