Camtek (NASDAQ:CAMT) Upgraded by BidaskClub to “Buy”

BidaskClub upgraded shares of Camtek (NASDAQ:CAMT) from a hold rating to a buy rating in a research note issued to investors on Tuesday, BidAskClub reports.

Several other equities research analysts have also recently commented on the company. Northland Securities reissued a buy rating and set a $15.00 target price on shares of Camtek in a report on Monday, May 11th. B. Riley boosted their target price on Camtek from $13.00 to $15.00 and gave the stock a buy rating in a report on Tuesday, May 12th. Zacks Investment Research cut Camtek from a hold rating to a sell rating in a report on Thursday, June 11th. Finally, Needham & Company LLC upped their price target on Camtek from $14.00 to $15.00 and gave the company a buy rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $14.25.

Shares of NASDAQ:CAMT opened at $12.58 on Tuesday. Camtek has a 12 month low of $6.26 and a 12 month high of $14.24. The stock has a market cap of $471.64 million, a price-to-earnings ratio of 25.67 and a beta of 1.77. The stock’s 50 day moving average price is $12.55 and its 200 day moving average price is $11.01.

Camtek (NASDAQ:CAMT) last announced its earnings results on Monday, May 11th. The semiconductor company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). Camtek had a return on equity of 13.14% and a net margin of 14.39%. The firm had revenue of $30.18 million for the quarter, compared to the consensus estimate of $30.05 million. On average, equities analysts predict that Camtek will post 0.52 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE bought a new position in shares of Camtek in the fourth quarter valued at $25,000. Advisor Group Holdings Inc. bought a new position in shares of Camtek in the first quarter valued at $29,000. Citigroup Inc. increased its holdings in shares of Camtek by 347.2% in the fourth quarter. Citigroup Inc. now owns 6,543 shares of the semiconductor company’s stock valued at $71,000 after buying an additional 5,080 shares in the last quarter. State Street Corp bought a new position in shares of Camtek in the fourth quarter valued at $174,000. Finally, Nomura Holdings Inc. purchased a new position in Camtek during the 1st quarter worth approximately $151,000. 28.61% of the stock is currently owned by institutional investors.

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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