Camtek (NASDAQ:CAMT) Rating Increased to Sell at BidaskClub

Camtek (NASDAQ:CAMT) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Tuesday, BidAskClub reports.

CAMT has been the topic of several other research reports. Zacks Investment Research downgraded shares of Camtek from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. ValuEngine raised shares of Camtek from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th.

CAMT stock opened at $8.12 on Tuesday. Camtek has a one year low of $6.29 and a one year high of $11.25. The firm has a market capitalization of $299.30 million, a PE ratio of 14.12 and a beta of 1.55.



Camtek (NASDAQ:CAMT) last released its earnings results on Monday, May 6th. The semiconductor company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Camtek had a net margin of 16.34% and a return on equity of 21.60%. The firm had revenue of $34.00 million for the quarter, compared to the consensus estimate of $34.00 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The company’s quarterly revenue was up 24.5% compared to the same quarter last year. As a group, research analysts expect that Camtek will post 0.64 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in Camtek during the fourth quarter valued at $104,000. Commonwealth Equity Services LLC purchased a new stake in Camtek during the first quarter valued at $105,000. Sigma Planning Corp purchased a new stake in Camtek during the first quarter valued at $117,000. D. E. Shaw & Co. Inc. purchased a new stake in Camtek during the fourth quarter valued at $151,000. Finally, BlackRock Inc. purchased a new stake in Camtek during the first quarter valued at $187,000. 27.17% of the stock is currently owned by institutional investors.

Camtek Company Profile

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.

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