Camtek (NASDAQ:CAMT) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Camtek (NASDAQ:CAMT) from a hold rating to a sell rating in a research note released on Wednesday morning, Zacks.com reports.

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. “

Separately, BidaskClub upgraded shares of Camtek from a hold rating to a buy rating in a research report on Monday, October 7th.

Shares of CAMT traded down $0.10 during mid-day trading on Wednesday, hitting $10.13. 81,100 shares of the company were exchanged, compared to its average volume of 161,208. Camtek has a 1-year low of $6.29 and a 1-year high of $11.36. The company has a 50 day moving average of $10.29 and a 200-day moving average of $9.27. The stock has a market cap of $379.33 million, a price-to-earnings ratio of 19.50 and a beta of 1.63.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Thursday, November 7th. The semiconductor company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Camtek had a return on equity of 18.73% and a net margin of 17.28%. The company had revenue of $32.47 million for the quarter, compared to analyst estimates of $32.00 million. During the same quarter last year, the company earned $0.16 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities research analysts expect that Camtek will post 0.54 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Optimum Investment Advisors acquired a new stake in Camtek in the 3rd quarter valued at about $63,000. 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. Finally, Marshall Wace LLP raised its holdings 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 acquiring an additional 102,680 shares during the last quarter. Hedge funds and other institutional investors own 30.49% of the company’s stock.

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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