Camtek Ltd. (NASDAQ:CAMT)‘s stock had its “buy” rating reaffirmed by equities researchers at B. Riley in a research report issued to clients and investors on Friday. They presently have a $6.00 price target on the semiconductor company’s stock. B. Riley’s target price points to a potential upside of 9.29% from the company’s previous close.

CAMT has been the subject of several other research reports. ValuEngine raised Camtek from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered Camtek from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Needham & Company LLC lowered Camtek from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $5.50.

Camtek (CAMT) opened at 5.49 on Friday. The company has a market cap of $194.06 million, a price-to-earnings ratio of 25.07 and a beta of 0.89. The company has a 50-day moving average of $5.59 and a 200-day moving average of $4.33. Camtek has a one year low of $2.38 and a one year high of $7.96.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Tuesday, May 9th. The semiconductor company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.04. Camtek had a return on equity of 12.35% and a net margin of 6.91%. The company had revenue of $30.78 million during the quarter, compared to analyst estimates of $29.50 million. Equities research analysts expect that Camtek will post $0.37 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of CAMT. TFS Capital LLC bought a new position in shares of Camtek during the first quarter valued at approximately $118,000. Renaissance Technologies LLC boosted its position in shares of Camtek 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 position in shares of Camtek by 13.3% in the first quarter. Algert Global LLC now owns 90,470 shares of the semiconductor company’s stock valued at $179,000 after buying an additional 10,655 shares during the last quarter. Menta Capital LLC boosted its position in shares of Camtek by 24.6% in the first quarter. Menta Capital LLC now owns 69,971 shares of the semiconductor company’s stock valued at $139,000 after buying an additional 13,828 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Camtek by 29.5% in the first quarter. Acadian Asset Management LLC now owns 125,369 shares of the semiconductor company’s stock valued at $478,000 after buying an additional 28,562 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Camtek 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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