Camtek Ltd. (NASDAQ:CAMT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

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. “

Other equities analysts have also issued reports about the stock. Needham & Company LLC lowered shares of Camtek from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. B. Riley restated a “buy” rating and issued a $7.00 price objective on shares of Camtek in a research report on Wednesday, August 9th. Finally, TheStreet lowered Camtek from a “b” rating to a “c” rating in a report on Friday, August 4th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $6.50.

Camtek (NASDAQ CAMT) traded up 3.87% on Tuesday, reaching $5.63. 584,394 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $4.73 and a 200-day moving average price of $4.81. The company has a market capitalization of $199.29 million, a P/E ratio of 72.18 and a beta of 1.02. Camtek has a 1-year low of $2.72 and a 1-year high of $7.96.

Camtek (NASDAQ:CAMT) last released its earnings results on Thursday, August 3rd. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. Camtek had a return on equity of 15.32% and a net margin of 2.56%. The business had revenue of $22.68 million for the quarter, compared to analyst estimates of $33.50 million. Equities research analysts expect that Camtek will post $0.39 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Navellier & Associates Inc acquired a new stake in Camtek in the second quarter valued at $208,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Camtek in the 2nd quarter worth about $107,000. PDT Partners LLC purchased a new stake in shares of Camtek in the 2nd quarter worth about $1,284,000. Menta Capital LLC boosted its position in shares of Camtek by 53.5% in the 2nd quarter. Menta Capital LLC now owns 101,279 shares of the semiconductor company’s stock worth $489,000 after buying an additional 35,308 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of Camtek in the 2nd quarter worth about $257,000. Institutional investors own 18.28% 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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