B. Riley Lowers Camtek (NASDAQ:CAMT) to Neutral

Camtek (NASDAQ:CAMTGet Rating) was downgraded by investment analysts at B. Riley from a “buy” rating to a “neutral” rating in a research report issued on Wednesday, Briefing.com reports. They currently have a $29.00 target price on the semiconductor company’s stock, down from their prior target price of $35.00. B. Riley’s price target points to a potential upside of 15.40% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. StockNews.com downgraded shares of Camtek from a “buy” rating to a “hold” rating in a research note on Thursday, March 24th. Barclays lowered their price target on Camtek from $50.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $40.50.

NASDAQ CAMT opened at $25.13 on Wednesday. The firm’s 50 day moving average price is $29.14 and its two-hundred day moving average price is $34.63. The company has a debt-to-equity ratio of 0.62, a quick ratio of 5.09 and a current ratio of 5.80. Camtek has a twelve month low of $24.58 and a twelve month high of $49.60. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 2.65 and a beta of 1.50.

Camtek (NASDAQ:CAMTGet Rating) last released its earnings results on Thursday, May 12th. The semiconductor company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). The business had revenue of $77.20 million for the quarter, compared to analysts’ expectations of $76.50 million. Camtek had a net margin of 22.56% and a return on equity of 24.63%. The company’s revenue was up 34.7% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. On average, research analysts forecast that Camtek will post 1.59 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CAMT. Bank of America Corp DE raised its position in shares of Camtek by 143.8% during the first quarter. Bank of America Corp DE now owns 8,593 shares of the semiconductor company’s stock valued at $261,000 after buying an additional 5,068 shares during the last quarter. Walleye Capital LLC bought a new position in Camtek during the first quarter valued at about $466,000. Quantbot Technologies LP acquired a new position in Camtek in the 1st quarter valued at approximately $220,000. Dynamic Technology Lab Private Ltd lifted its position in shares of Camtek by 143.8% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 21,564 shares of the semiconductor company’s stock worth $657,000 after acquiring an additional 12,719 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Camtek during the 1st quarter worth approximately $2,711,000. Institutional investors own 36.87% of the company’s stock.

About Camtek (Get Rating)

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry.

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