ValuEngine Downgrades Camtek (CAMT) to Hold

ValuEngine cut shares of Camtek (NASDAQ:CAMT) from a buy rating to a hold rating in a report issued on Tuesday.

Other research analysts have also issued research reports about the stock. BidaskClub lowered shares of Camtek from a buy rating to a hold rating in a research report on Friday, July 13th. Zacks Investment Research lowered shares of Camtek from a hold rating to a sell rating in a research report on Tuesday, July 3rd. Finally, B. Riley increased their target price on shares of Camtek from $8.50 to $11.00 and gave the stock a buy rating in a research report on Wednesday, August 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $9.56.

CAMT traded up $0.16 on Tuesday, reaching $7.41. The company had a trading volume of 91,002 shares, compared to its average volume of 152,640. Camtek has a fifty-two week low of $5.15 and a fifty-two week high of $11.11. The firm has a market cap of $310.20 million, a P/E ratio of 28.50 and a beta of 1.29.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, July 31st. The semiconductor company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). Camtek had a net margin of 20.86% and a return on equity of 16.72%. The company had revenue of $30.46 million during the quarter, compared to analyst estimates of $29.50 million. During the same quarter last year, the company posted $0.06 EPS. The firm’s quarterly revenue was up 34.3% on a year-over-year basis. Analysts anticipate that Camtek will post 0.53 earnings per share for the current year.

Several large investors have recently made changes to their positions in CAMT. Campbell & CO Investment Adviser LLC bought a new stake in shares of Camtek during the 2nd quarter worth approximately $201,000. Fortaleza Asset Management Inc. bought a new stake in shares of Camtek during the 2nd quarter worth approximately $122,000. Acadian Asset Management LLC lifted its holdings in shares of Camtek by 539.6% during the 2nd quarter. Acadian Asset Management LLC now owns 175,163 shares of the semiconductor company’s stock worth $1,286,000 after acquiring an additional 147,776 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Camtek by 10.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,271,500 shares of the semiconductor company’s stock worth $9,346,000 after acquiring an additional 125,000 shares during the period. Finally, Macquarie Group Ltd. bought a new stake in shares of Camtek during the 2nd quarter worth approximately $347,000. Hedge funds and other institutional investors own 22.35% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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