Camtek (NASDAQ:CAMT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday, 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. “

A number of other research firms have also recently commented on CAMT. ValuEngine raised shares of Camtek from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. BidaskClub raised shares of Camtek from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th.

Shares of CAMT traded up $0.06 during mid-day trading on Monday, reaching $8.12. The stock had a trading volume of 133,615 shares, compared to its average volume of 199,549. Camtek has a 52-week low of $6.29 and a 52-week high of $11.25. The firm has a market capitalization of $294.55 million, a P/E ratio of 15.62 and a beta of 1.55.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Monday, May 6th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.18. Camtek had a net margin of 16.34% and a return on equity of 21.60%. The firm had revenue of $34.00 million during the quarter, compared to analyst estimates of $34.00 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Camtek’s quarterly revenue was up 24.5% on a year-over-year basis. As a group, equities analysts anticipate that Camtek will post 0.64 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CAMT. Virtu Financial LLC acquired a new position in Camtek in the fourth quarter valued at about $129,000. ETF Managers Group LLC lifted its position in Camtek by 21.0% in the fourth quarter. ETF Managers Group LLC now owns 35,135 shares of the semiconductor company’s stock valued at $238,000 after buying an additional 6,088 shares during the last quarter. Acadian Asset Management LLC lifted its position in Camtek by 25.0% in the fourth quarter. Acadian Asset Management LLC now owns 584,862 shares of the semiconductor company’s stock valued at $3,959,000 after buying an additional 117,080 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in Camtek in the fourth quarter valued at about $104,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Camtek in the fourth quarter valued at about $236,000. 27.17% of the stock is currently owned by institutional investors.

Camtek Company Profile

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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