Camtek Ltd. (CAMT) Given $7.25 Average Target Price by Brokerages
Shares of Camtek Ltd. (NASDAQ:CAMT) have received an average broker rating score of 1.50 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and one has issued a strong buy rating on the company. Camtek’s rating score has improved by 25% from 90 days ago as a result of various analysts’ ratings changes.
Brokers have set a twelve-month consensus price objective of $7.25 for the company and are anticipating that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also given Camtek an industry rank of 39 out of 265 based on the ratings given to related companies.
A number of equities research analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $7.00 price objective on shares of Camtek in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of Camtek from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. TheStreet cut shares of Camtek from a “b” rating to a “c” rating in a research note on Friday, August 4th. Finally, Needham & Company LLC raised shares of Camtek from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research note on Tuesday, October 3rd.
The business also recently declared an annual dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 22nd will be paid a $0.14 dividend. The ex-dividend date is Tuesday, November 21st. This represents a yield of 9.36%.
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A number of institutional investors have recently added to or reduced their stakes in CAMT. Cubist Systematic Strategies LLC acquired a new stake in Camtek in the 2nd quarter valued at $107,000. PEAK6 Investments L.P. grew its stake in Camtek by 632.2% in the 3rd quarter. PEAK6 Investments L.P. now owns 21,444 shares of the semiconductor company’s stock valued at $110,000 after acquiring an additional 25,473 shares during the period. Endurance Wealth Management Inc. acquired a new stake in Camtek in the 2nd quarter valued at $150,000. Navellier & Associates Inc acquired a new stake in Camtek in the 2nd quarter valued at $208,000. Finally, Engineers Gate Manager LP acquired a new stake in Camtek in the 2nd quarter valued at $257,000. 17.20% of the stock is currently owned by hedge funds and other institutional investors.
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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