Camtek (CAMT) Cut to “Hold” at BidaskClub

BidaskClub lowered shares of Camtek (NASDAQ:CAMT) from a buy rating to a hold rating in a research note issued to investors on Tuesday, BidAskClub reports.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised Camtek from a hold rating to a buy rating and set a $10.00 price target on the stock in a research note on Thursday, February 14th. ValuEngine raised Camtek from a hold rating to a buy rating in a research note on Wednesday, February 13th.

Shares of Camtek stock opened at $9.18 on Tuesday. The company has a market cap of $331.63 million, a P/E ratio of 17.65 and a beta of 1.43. Camtek has a 52 week low of $6.29 and a 52 week high of $11.25.



Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Monday, May 6th. The semiconductor company reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The company had revenue of $34.00 million for the quarter, compared to analysts’ expectations of $34.00 million. Camtek had a return on equity of 21.60% and a net margin of 16.34%. The firm’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 earnings per share. On average, research analysts expect that Camtek will post 0.7 EPS for the current year.

A number of hedge funds have recently modified their holdings of CAMT. Acadian Asset Management LLC grew its stake in Camtek by 47.5% in the first quarter. Acadian Asset Management LLC now owns 862,633 shares of the semiconductor company’s stock worth $7,695,000 after purchasing an additional 277,771 shares during the period. Federated Investors Inc. PA grew its stake in Camtek by 16.1% in the first quarter. Federated Investors Inc. PA now owns 1,800,000 shares of the semiconductor company’s stock worth $16,056,000 after purchasing an additional 250,000 shares during the period. Renaissance Technologies LLC grew its stake in Camtek by 13.6% in the first quarter. Renaissance Technologies LLC now owns 1,828,100 shares of the semiconductor company’s stock worth $16,307,000 after purchasing an additional 219,000 shares during the period. Delek Group Ltd. grew its stake in Camtek by 62.4% in the first quarter. Delek Group Ltd. now owns 194,514 shares of the semiconductor company’s stock worth $1,727,000 after purchasing an additional 74,744 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Camtek by 175.3% in the first quarter. JPMorgan Chase & Co. now owns 103,437 shares of the semiconductor company’s stock worth $923,000 after purchasing an additional 65,862 shares during the period. 24.33% of the stock is currently owned by institutional investors.

About Camtek

Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.

Recommended Story: How is an ETF different from a mutual fund?

Receive News & Ratings for Camtek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camtek and related companies with MarketBeat.com's FREE daily email newsletter.