Analysts Set Camtek LTD. (CAMT) PT at $9.44

Camtek LTD. (NASDAQ:CAMT) has earned a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $9.44.

A number of research analysts recently commented on the stock. BidaskClub raised shares of Camtek from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 9th. Zacks Investment Research raised shares of Camtek from a “sell” rating to a “hold” rating and set a $9.25 price target for the company in a report on Wednesday, August 1st. B. Riley increased their price target on shares of Camtek from $8.50 to $11.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Finally, ValuEngine downgraded shares of Camtek from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th.

Shares of NASDAQ:CAMT traded up $0.04 during trading on Tuesday, reaching $7.65. The company’s stock had a trading volume of 14,405 shares, compared to its average volume of 123,113. Camtek has a 12 month low of $5.15 and a 12 month high of $11.11. The company has a market cap of $276.90 million, a price-to-earnings ratio of 29.42 and a beta of 1.31.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Wednesday, October 31st. The semiconductor company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. Camtek had a net margin of 13.65% and a return on equity of 18.87%. The firm had revenue of $32.30 million during the quarter, compared to the consensus estimate of $31.75 million. The company’s revenue was up 35.7% on a year-over-year basis. As a group, equities research analysts predict that Camtek will post 0.53 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC increased its position in shares of Camtek by 539.6% during the second quarter. Acadian Asset Management LLC now owns 175,163 shares of the semiconductor company’s stock worth $1,286,000 after acquiring an additional 147,776 shares during the period. Renaissance Technologies LLC increased its position in shares of Camtek by 10.9% during the second quarter. Renaissance Technologies LLC now owns 1,271,500 shares of the semiconductor company’s stock worth $9,346,000 after acquiring an additional 125,000 shares during the period. Macquarie Group Ltd. purchased a new position in shares of Camtek during the second quarter worth approximately $347,000. Millennium Management LLC purchased a new position in shares of Camtek during the second quarter worth approximately $1,086,000. Finally, Jane Street Group LLC purchased a new position in shares of Camtek during the second quarter worth approximately $272,000. 26.90% 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.

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