Camtek Ltd. (NASDAQ:CAMT) hit a new 52-week high on Wednesday . The company traded as high as $2.81 and last traded at $2.77, with a volume of 44,461 shares trading hands. The stock had previously closed at $2.76.

Several equities research analysts recently commented on CAMT shares. B. Riley reissued a “buy” rating and set a $3.25 price objective on shares of Camtek in a research note on Monday, July 25th. TheStreet raised shares of Camtek from a “sell” rating to a “hold” rating in a research note on Thursday, July 21st. Zacks Investment Research raised shares of Camtek from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a research note on Tuesday, July 26th. Finally, Needham & Company LLC boosted their price objective on shares of Camtek from $3.00 to $4.00 and gave the stock a “buy” rating in a research note on Friday, July 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $3.42.

The stock’s market capitalization is $100.74 million. The stock has a 50-day moving average of $2.54 and a 200 day moving average of $2.23.

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Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The company had revenue of $27.30 million for the quarter, compared to the consensus estimate of $26.05 million. Camtek had a negative net margin of 9.15% and a positive return on equity of 7.58%. Equities analysts predict that Camtek Ltd. will post $0.17 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CAMT. Menta Capital LLC increased its position in Camtek by 24.6% in the first quarter. Menta Capital LLC now owns 69,971 shares of the company’s stock valued at $139,000 after buying an additional 13,828 shares in the last quarter. Algert Global LLC boosted its position in shares of Camtek by 13.3% in the first quarter. Algert Global LLC now owns 90,470 shares of the company’s stock valued at $179,000 after buying an additional 10,655 shares during the last quarter. Grandeur Peak Global Advisors LLC acquired a new position in shares of Camtek during the second quarter valued at about $360,000. Kennedy Capital Management Inc. boosted its position in shares of Camtek by 1.0% in the first quarter. Kennedy Capital Management Inc. now owns 375,043 shares of the company’s stock valued at $743,000 after buying an additional 3,761 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Camtek by 8.3% in the first quarter. Renaissance Technologies LLC now owns 663,200 shares of the company’s stock valued at $1,313,000 after buying an additional 50,600 shares during the last quarter. 13.72% of the stock is currently owned by institutional investors.

About Camtek

Camtek Ltd. provides automated and technological solutions for production processes and products yield, enabling and supporting customers’ technologies in the semiconductor fabrication and printed circuit board (PCB) industries. The Company designs, develops, manufactures and markets products mainly based on two core technologies: automated optical inspection (AOI) and functional ink technology (FIT).

5 Day Chart for NASDAQ:CAMT

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