Brokerages Anticipate Camtek LTD. (CAMT) to Post $0.10 EPS

Shares of Camtek LTD. (NASDAQ:CAMT) have been given a consensus broker rating score of 1.50 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating and one has issued a strong buy rating on the company.

Analysts have set a 12-month consensus target price of $7.25 for the company and are expecting that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also given Camtek an industry rank of 90 out of 265 based on the ratings given to related companies.

A number of equities research analysts have recently issued reports on CAMT shares. TheStreet upgraded Camtek from a “c” rating to a “b” rating in a report on Thursday, November 9th. Needham & Company LLC upgraded Camtek from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a report on Tuesday, October 3rd. B. Riley boosted their price objective on Camtek from $7.00 to $7.50 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Zacks Investment Research upgraded Camtek from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a report on Thursday, September 21st. Finally, ValuEngine cut Camtek from a “buy” rating to a “hold” rating in a report on Thursday, January 4th.

Large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new stake in shares of Camtek during the second quarter worth approximately $107,000. PEAK6 Investments L.P. raised its position in shares of Camtek by 632.2% in the third quarter. PEAK6 Investments L.P. now owns 21,444 shares of the semiconductor company’s stock valued at $110,000 after buying an additional 25,473 shares in the last quarter. Navellier & Associates Inc acquired a new stake in shares of Camtek in the second quarter valued at approximately $208,000. Engineers Gate Manager LP acquired a new stake in shares of Camtek in the second quarter valued at approximately $257,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Camtek in the third quarter valued at approximately $468,000. Institutional investors own 17.31% of the company’s stock.

Camtek (CAMT) traded down $0.13 during trading on Monday, reaching $6.69. The company had a trading volume of 101,400 shares, compared to its average volume of 194,489. Camtek has a fifty-two week low of $3.00 and a fifty-two week high of $7.96. The company has a market capitalization of $236.31, a PE ratio of -334.50 and a beta of 0.99.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. Camtek had a return on equity of 15.68% and a net margin of 12.61%. research analysts expect that Camtek will post 0.38 EPS for the current year.

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About Camtek

Camtek Ltd is an Israel-based manufacturer of metrology and inspection equipment and a provider of software solutions. The Company mainly serves the Advanced Packaging, Memory, Complementary Metal Oxide Semiconductor (CMOS) Image Sensors, Micro Electro Mechanical Sensor (MEMS), Radio Frequency (RF) and other segments in the mid end of the semiconductors industry.

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