Camtek Ltd. (NASDAQ:CAMT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

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 equities research analysts have also issued reports on the stock. B. Riley reissued a “buy” rating and set a $7.00 target price on shares of Camtek in a research note on Wednesday, August 9th. TheStreet cut Camtek from a “b” rating to a “c” rating in a research report on Friday, August 4th. Finally, Needham & Company LLC upgraded Camtek from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $6.50.

Camtek (NASDAQ CAMT) traded up 3.87% during trading on Tuesday, hitting $5.63. The stock had a trading volume of 584,394 shares. The firm’s 50-day moving average price is $4.73 and its 200-day moving average price is $4.81. Camtek has a 52-week low of $2.72 and a 52-week high of $7.96. The company has a market cap of $199.29 million, a price-to-earnings ratio of 72.18 and a beta of 1.02.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Camtek had a net margin of 2.56% and a return on equity of 15.32%. The company had revenue of $22.68 million during the quarter, compared to analysts’ expectations of $33.50 million. Analysts predict that Camtek will post $0.39 EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in CAMT. Algert Global LLC grew 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 valued at $2,246,000 after acquiring an additional 326,899 shares during the period. PDT Partners LLC purchased a new stake in Camtek in the 2nd quarter worth $1,284,000. Acadian Asset Management LLC increased its holdings 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 acquiring an additional 215,925 shares in the last quarter. Sphera Funds Management LTD. acquired a new position in Camtek during the second quarter worth $478,000. Finally, Renaissance Technologies LLC raised its position in Camtek by 10.5% during the first quarter. Renaissance Technologies LLC now owns 1,016,600 shares of the semiconductor company’s stock worth $3,873,000 after acquiring an additional 96,670 shares during the period. 18.28% of the stock is currently owned by hedge funds and other 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).

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