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. “
A number of other equities research analysts have also issued reports on the company. Northland Securities reaffirmed a buy rating and issued a $16.00 price target on shares of Camtek in a research report on Friday, June 21st. BidaskClub lowered Camtek from a buy rating to a hold rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $12.17.
Camtek (NASDAQ:CAMT) last posted its earnings results on Tuesday, August 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). The firm had revenue of $34.35 million for the quarter, compared to analyst estimates of $34.25 million. Camtek had a return on equity of 21.06% and a net margin of 18.00%. Camtek’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. Sell-side analysts anticipate that Camtek will post 0.58 EPS for the current year.
A number of hedge funds have recently bought and sold shares of the business. Delphi Management Inc. MA acquired a new stake in Camtek in the 2nd quarter valued at about $110,000. Citadel Advisors LLC acquired a new stake in Camtek in the 2nd quarter valued at about $308,000. Cubist Systematic Strategies LLC acquired a new stake in Camtek in the 2nd quarter valued at about $114,000. Marshall Wace LLP raised its position in Camtek by 246.2% in the 2nd quarter. Marshall Wace LLP now owns 144,386 shares of the semiconductor company’s stock valued at $1,033,000 after purchasing an additional 102,680 shares in the last quarter. Finally, Morgan Stanley raised its position in Camtek by 2,267.8% in the 2nd quarter. Morgan Stanley now owns 185,895 shares of the semiconductor company’s stock valued at $1,571,000 after purchasing an additional 178,044 shares in the last quarter. 28.12% of the stock is currently owned by institutional investors.
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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