Shares of Camtek Ltd. (NASDAQ:CAMT) have earned an average broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.
Brokerages have set a twelve-month consensus price objective of $3.63 for the company and are expecting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given Camtek an industry rank of 70 out of 265 based on the ratings given to related companies.
Several research firms recently commented on CAMT. B. Riley reaffirmed a “buy” rating and set a $3.25 target price on shares of Camtek in a research note on Tuesday, August 23rd. Zacks Investment Research raised Camtek from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a research note on Tuesday, July 26th. TheStreet raised Camtek from a “sell” rating to a “hold” rating in a research note on Thursday, July 21st. Finally, Needham & Company LLC raised their target price on Camtek from $3.00 to $4.00 and gave the stock a “buy” rating in a research note on Friday, July 22nd.
Shares of Camtek (NASDAQ:CAMT) opened at 3.01 on Monday. The firm’s market capitalization is $106.40 million. The firm has a 50-day moving average of $2.64 and a 200-day moving average of $2.28. Camtek has a one year low of $1.58 and a one year high of $3.05.
Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The company earned $27.30 million during the quarter, compared to analysts’ expectations of $26.05 million. Camtek had a positive return on equity of 7.58% and a negative net margin of 9.15%. On average, equities analysts predict that Camtek will post $0.17 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Grandeur Peak Global Advisors LLC purchased a new position in shares of Camtek during the second quarter valued at about $360,000. Renaissance Technologies LLC raised its position in shares of Camtek by 8.3% in the first quarter. Renaissance Technologies LLC now owns 663,200 shares of the company’s stock valued at $1,313,000 after buying an additional 50,600 shares during the last quarter. Kennedy Capital Management Inc. raised its position in shares of Camtek by 1.0% in the first quarter. Kennedy Capital Management Inc. now owns 375,043 shares of the company’s stock valued at $743,000 after buying an additional 3,761 shares during the last quarter. Menta Capital LLC raised its position in shares of Camtek by 24.6% in the first quarter. Menta Capital LLC now owns 69,971 shares of the company’s stock valued at $139,000 after buying an additional 13,828 shares during the last quarter. Finally, Algert Global LLC raised its position in shares of Camtek by 13.3% in the first quarter. Algert Global LLC now owns 90,470 shares of the company’s stock valued at $179,000 after buying an additional 10,655 shares during the last quarter. Institutional investors and hedge funds own 13.72% of the company’s stock.
Camtek Company Profile
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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