BidaskClub upgraded shares of Camtek (NASDAQ:CAMT) from a hold rating to a buy rating in a research note published on Wednesday morning.
Several other research firms have also recently issued reports on CAMT. Zacks Investment Research raised Camtek from a hold rating to a buy rating and set a $10.00 target price on the stock in a research note on Thursday, February 14th. ValuEngine raised Camtek from a hold rating to a buy rating in a research note on Wednesday, February 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Camtek currently has an average rating of Buy and a consensus price target of $10.17.
NASDAQ CAMT opened at $9.01 on Wednesday. The stock has a market capitalization of $326.16 million, a P/E ratio of 17.33 and a beta of 1.41. Camtek has a 1 year low of $6.29 and a 1 year high of $11.11.
Camtek (NASDAQ:CAMT) last posted its earnings results on Wednesday, February 13th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The company had revenue of $33.20 million for the quarter, compared to analysts’ expectations of $33.00 million. Camtek had a return on equity of 20.63% and a net margin of 15.21%. Camtek’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. On average, analysts predict that Camtek will post 0.71 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in Camtek during the 4th quarter valued at approximately $104,000. Virtu Financial LLC bought a new stake in Camtek during the 4th quarter valued at approximately $129,000. D. E. Shaw & Co. Inc. bought a new stake in Camtek during the 4th quarter valued at approximately $151,000. Campbell & CO Investment Adviser LLC bought a new stake in Camtek during the 4th quarter valued at approximately $236,000. Finally, ETF Managers Group LLC boosted its position in Camtek by 21.0% during the 4th quarter. ETF Managers Group LLC now owns 35,135 shares of the semiconductor company’s stock valued at $238,000 after acquiring an additional 6,088 shares in the last quarter. 24.45% of the stock is currently owned by institutional investors and hedge funds.
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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