Camtek LTD. (CAMT) Given “Buy” Rating at B. Riley
Camtek LTD. (NASDAQ:CAMT)‘s stock had its “buy” rating restated by investment analysts at B. Riley in a report released on Saturday. They presently have a $6.00 price objective on the semiconductor company’s stock. B. Riley’s price target suggests a potential upside of 27.66% from the stock’s previous close.
CAMT has been the subject of several other research reports. Zacks Investment Research cut Camtek LTD. from a “buy” rating to a “hold” rating in a research note on Monday, February 13th. TheStreet upgraded Camtek LTD. from a “c” rating to a “b-” rating in a research note on Friday, February 10th.
Shares of Camtek LTD. (NASDAQ:CAMT) opened at 4.70 on Friday. Camtek LTD. has a 52-week low of $1.82 and a 52-week high of $4.85. The firm’s 50 day moving average is $3.84 and its 200 day moving average is $3.46. The stock has a market capitalization of $166.14 million, a price-to-earnings ratio of 36.15 and a beta of 0.92.
Camtek LTD. (NASDAQ:CAMT) last posted its earnings results on Tuesday, May 9th. The semiconductor company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.04. The firm had revenue of $30.78 million during the quarter, compared to analysts’ expectations of $29.50 million. Camtek LTD. had a return on equity of 8.20% and a net margin of 4.32%. Equities analysts expect that Camtek LTD. will post $0.26 earnings per share for the current year.
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Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in Camtek LTD. by 24.5% in the fourth quarter. Renaissance Technologies LLC now owns 919,930 shares of the semiconductor company’s stock valued at $3,027,000 after buying an additional 180,930 shares during the last quarter. Algert Global LLC boosted its stake in shares of Camtek LTD. by 13.3% in the first quarter. Algert Global LLC now owns 90,470 shares of the semiconductor company’s stock worth $179,000 after buying an additional 10,655 shares in the last quarter. Menta Capital LLC boosted its stake in shares of Camtek LTD. by 24.6% in the first quarter. Menta Capital LLC now owns 69,971 shares of the semiconductor company’s stock worth $139,000 after buying an additional 13,828 shares in the last quarter. Kennedy Capital Management Inc. boosted its stake in shares of Camtek LTD. by 1.0% in the first quarter. Kennedy Capital Management Inc. now owns 375,043 shares of the semiconductor company’s stock worth $743,000 after buying an additional 3,761 shares in the last quarter. Finally, TFS Capital LLC purchased a new stake in shares of Camtek LTD. during the first quarter worth $118,000. Hedge funds and other institutional investors own 14.54% of the company’s stock.
Camtek LTD. Company Profile
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).
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