Camtek Intelligent Imaging (NASDAQ:CAMT) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.
Other analysts have also recently issued research reports about the stock. Needham & Company LLC boosted their target price on shares of Camtek Intelligent Imaging from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. B. Riley reissued a “buy” rating and set a $8.00 target price (up previously from $7.50) on shares of Camtek Intelligent Imaging in a research note on Monday, February 5th. Zacks Investment Research raised shares of Camtek Intelligent Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday, April 10th. ValuEngine cut shares of Camtek Intelligent Imaging from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Northland Securities began coverage on shares of Camtek Intelligent Imaging in a research note on Monday, April 9th. They set an “outperform” rating and a $10.00 price objective for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Camtek Intelligent Imaging has a consensus rating of “Buy” and a consensus price target of $7.88.
CAMT stock opened at $7.12 on Thursday. The stock has a market cap of $256.19, a PE ratio of 19.81 and a beta of 1.18. Camtek Intelligent Imaging has a 52 week low of $3.56 and a 52 week high of $7.96.
Camtek Intelligent Imaging (NASDAQ:CAMT) last released its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $25.84 million for the quarter, compared to analysts’ expectations of $24.50 million. Camtek Intelligent Imaging had a return on equity of 16.37% and a net margin of 13.54%. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 EPS. research analysts forecast that Camtek Intelligent Imaging will post 0.46 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. ARK Investment Management LLC purchased a new stake in Camtek Intelligent Imaging during the 4th quarter valued at about $259,000. Two Sigma Investments LP purchased a new stake in Camtek Intelligent Imaging during the 4th quarter valued at about $388,000. Deutsche Bank AG purchased a new stake in Camtek Intelligent Imaging during the 4th quarter valued at about $485,000. JPMorgan Chase & Co. purchased a new stake in Camtek Intelligent Imaging during the 3rd quarter valued at about $468,000. Finally, Meitav Dash Investments Ltd. purchased a new stake in Camtek Intelligent Imaging during the 4th quarter valued at about $2,041,000. 21.87% of the stock is owned by institutional investors.
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Camtek Intelligent Imaging Company Profile
Camtek Ltd. provides metrology and inspection equipment, and software solutions for the advanced packaging, memory, CMOS image sensors, MEMS, RF, and other segments in the semiconductors industry worldwide. The company offers automated optical inspection (AOI) and metrology systems that optically inspect and measure various types of electronic product components for defects caused during the manufacturing process, as well as to enhance production processes and yields for manufacturers in the semiconductor industry.
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