BidaskClub Lowers Camtek (CAMT) to Sell

Camtek (NASDAQ:CAMT) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday, BidAskClub reports.

A number of other equities research analysts have also recently issued reports on the stock. ValuEngine cut shares of Camtek from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Zacks Investment Research cut shares of Camtek from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th.

Shares of CAMT stock opened at $8.54 on Wednesday. Camtek has a 1 year low of $6.29 and a 1 year high of $11.25. The firm has a market cap of $311.93 million, a price-to-earnings ratio of 16.42 and a beta of 1.43.

Camtek (NASDAQ:CAMT) last issued its earnings results on Monday, May 6th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. Camtek had a net margin of 16.34% and a return on equity of 21.60%. The business had revenue of $34.00 million for the quarter, compared to analysts’ expectations of $34.00 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The business’s revenue for the quarter was up 24.5% compared to the same quarter last year. On average, equities research analysts forecast that Camtek will post 0.7 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in shares of 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. Federated Investors Inc. PA increased its holdings in shares of 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. Wellington Management Group LLP increased its holdings in shares of Camtek by 6.7% in the first quarter. Wellington Management Group LLP now owns 1,660,506 shares of the semiconductor company’s stock worth $14,812,000 after purchasing an additional 104,035 shares during the period. Acadian Asset Management LLC increased its holdings in shares of 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. Finally, First Wilshire Securities Management Inc. increased its holdings in shares of Camtek by 0.3% in the first quarter. First Wilshire Securities Management Inc. now owns 389,190 shares of the semiconductor company’s stock worth $3,472,000 after purchasing an additional 1,150 shares during the period. 24.33% of the stock is currently owned by hedge funds and other 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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