BidaskClub upgraded shares of Camtek (NASDAQ:CAMT) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.
CAMT has been the subject of a number of other reports. B. Riley upped their target price on shares of Camtek from $10.00 to $10.50 and gave the company a buy rating in a report on Thursday, November 1st. ValuEngine lowered shares of Camtek from a buy rating to a hold rating in a research note on Tuesday, October 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $9.44.
Shares of NASDAQ:CAMT opened at $7.88 on Wednesday. Camtek has a one year low of $5.15 and a one year high of $11.11. The stock has a market capitalization of $292.46 million, a PE ratio of 17.57 and a beta of 0.81.
Camtek (NASDAQ:CAMT) last announced its earnings results on Wednesday, October 31st. The semiconductor company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Camtek had a net margin of 13.65% and a return on equity of 18.87%. The business had revenue of $32.30 million during the quarter, compared to analysts’ expectations of $31.75 million. Camtek’s revenue was up 35.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Camtek will post 0.55 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of Camtek by 24.5% during the third quarter. Renaissance Technologies LLC now owns 1,583,300 shares of the semiconductor company’s stock worth $13,569,000 after acquiring an additional 311,800 shares during the period. Acadian Asset Management LLC increased its stake in shares of Camtek by 167.1% during the third quarter. Acadian Asset Management LLC now owns 467,782 shares of the semiconductor company’s stock worth $4,009,000 after acquiring an additional 292,619 shares during the period. Altshuler Shaham Ltd acquired a new position in shares of Camtek during the third quarter worth about $3,539,000. Millennium Management LLC acquired a new position in shares of Camtek during the second quarter worth about $1,086,000. Finally, Jane Street Group LLC increased its stake in shares of Camtek by 205.4% during the third quarter. Jane Street Group LLC now owns 113,178 shares of the semiconductor company’s stock worth $970,000 after acquiring an additional 76,121 shares during the period. Institutional investors and hedge funds own 23.71% 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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