Camtek (CAMT) Stock Rating Upgraded by BidaskClub

Camtek (NASDAQ:CAMT) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report issued on Thursday, April 4th, BidAskClub reports.

Several other equities analysts have also recently weighed in on the company. ValuEngine upgraded Camtek from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Zacks Investment Research upgraded Camtek from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Thursday, February 14th.

Camtek stock traded down $0.21 during mid-day trading on Thursday, reaching $10.29. 323,294 shares of the company’s stock were exchanged, compared to its average volume of 199,991. The firm has a market capitalization of $392.46 million, a P/E ratio of 19.79 and a beta of 1.41. Camtek has a one year low of $6.29 and a one year high of $11.25.

Camtek (NASDAQ:CAMT) last issued its earnings results on Wednesday, February 13th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The firm had revenue of $33.20 million for the quarter, compared to analyst estimates of $33.00 million. Camtek had a return on equity of 20.63% and a net margin of 15.21%. The business’s revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. On average, research analysts anticipate that Camtek will post 0.71 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in shares of Camtek in the 4th quarter worth about $104,000. Virtu Financial LLC purchased a new stake in shares of Camtek in the 4th quarter worth approximately $129,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of Camtek in the 4th quarter worth approximately $151,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Camtek in the 4th quarter worth approximately $236,000. Finally, ETF Managers Group LLC grew its stake in shares of Camtek by 21.0% in the 4th quarter. ETF Managers Group LLC now owns 35,135 shares of the semiconductor company’s stock worth $238,000 after buying an additional 6,088 shares during the last quarter. Hedge funds and other institutional investors own 24.23% 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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