Camtek Ltd. (NASDAQ:CAMT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage presently has a $5.50 price objective on the semiconductor company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.56% from the stock’s current price.

According to Zacks, “Camtek Ltd., designs, develops, manufactures, and markets automatic optical inspection systems and related products. Camtek’s automatic inspection systems are used to enhance both production processes and yield for manufacturers in the printed circuit board industry, the high density interconnect substrate industry and the semiconductor manufacturing and packaging industry. “

Several other research analysts have also issued reports on CAMT. B. Riley restated a “buy” rating and issued a $7.00 price target on shares of Camtek in a research report on Wednesday, August 9th. TheStreet lowered shares of Camtek from a “b” rating to a “c” rating in a research report on Friday, August 4th. ValuEngine upgraded shares of Camtek from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Needham & Company LLC lowered shares of Camtek from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Camtek presently has an average rating of “Buy” and an average price target of $6.25.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The firm had revenue of $22.68 million for the quarter, compared to analyst estimates of $33.50 million. Camtek had a net margin of 2.56% and a return on equity of 15.32%.

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Institutional investors have recently bought and sold shares of the stock. TFS Capital LLC acquired a new position in Camtek in the 1st quarter worth approximately $118,000. Algert Global LLC boosted its stake in Camtek by 236.8% in the 2nd quarter. Algert Global LLC now owns 464,971 shares of the semiconductor company’s stock worth $2,246,000 after purchasing an additional 326,899 shares during the period. Engineers Gate Manager LP acquired a new position in Camtek in the 2nd quarter worth approximately $257,000. Acadian Asset Management LLC boosted its stake in Camtek by 172.2% in the 2nd quarter. Acadian Asset Management LLC now owns 341,294 shares of the semiconductor company’s stock worth $1,647,000 after purchasing an additional 215,925 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Camtek by 10.5% in the 1st quarter. Renaissance Technologies LLC now owns 1,016,600 shares of the semiconductor company’s stock worth $3,873,000 after purchasing an additional 96,670 shares during the period. 18.28% of the stock is owned by hedge funds and other institutional investors.

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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