Camtek (CAMT) Downgraded by BidaskClub to Hold

Camtek (NASDAQ:CAMT) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday, BidAskClub reports.

CAMT has been the topic of several other research reports. ValuEngine downgraded shares of Camtek from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Zacks Investment Research upgraded shares of Camtek from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Thursday, February 14th.

Shares of Camtek stock opened at $9.20 on Tuesday. The firm has a market capitalization of $331.63 million, a PE ratio of 17.69 and a beta of 1.43. Camtek has a 1 year low of $6.29 and a 1 year high of $11.25.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Monday, May 6th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $34.00 million for the quarter, compared to the consensus estimate of $34.00 million. Camtek had a net margin of 16.34% and a return on equity of 21.60%. Camtek’s quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter last year, the company posted $0.12 earnings per share. Research analysts expect that Camtek will post 0.7 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its stake in shares of Camtek by 13.6% in the first quarter. Renaissance Technologies LLC now owns 1,828,100 shares of the semiconductor company’s stock worth $16,307,000 after acquiring an additional 219,000 shares during the last quarter. Federated Investors Inc. PA lifted its position in Camtek by 16.1% in the first quarter. Federated Investors Inc. PA now owns 1,800,000 shares of the semiconductor company’s stock worth $16,056,000 after purchasing an additional 250,000 shares during the period. Wellington Management Group LLP lifted its position in Camtek by 6.7% in the first quarter. Wellington Management Group LLP now owns 1,660,506 shares of the semiconductor company’s stock worth $14,812,000 after purchasing an additional 104,035 shares during the period. Acadian Asset Management LLC lifted its position in Camtek by 47.5% in the first quarter. Acadian Asset Management LLC now owns 862,633 shares of the semiconductor company’s stock worth $7,695,000 after purchasing an additional 277,771 shares during the period. Finally, Delek Group Ltd. lifted its position in Camtek by 62.4% in the first quarter. Delek Group Ltd. now owns 194,514 shares of the semiconductor company’s stock worth $1,727,000 after purchasing an additional 74,744 shares during the period. Institutional investors and hedge funds own 24.33% of the company’s stock.

About Camtek

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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