TheStreet downgraded shares of Camtek Ltd. (NASDAQ:CAMT) from a b rating to a c rating in a research report released on Friday morning.

A number of other research firms also recently commented on CAMT. ValuEngine raised shares of Camtek from a hold rating to a buy rating in a research report on Friday, June 2nd. Needham & Company LLC downgraded shares of Camtek from a buy rating to a hold rating in a research report on Tuesday, June 27th. B. Riley reissued a buy rating and set a $6.00 target price on shares of Camtek in a research report on Friday, July 21st. Finally, Zacks Investment Research downgraded shares of Camtek from a strong-buy rating to a hold rating in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $6.00.

Shares of Camtek (NASDAQ CAMT) opened at 4.91 on Friday. The stock has a market cap of $173.56 million, a PE ratio of 22.42 and a beta of 0.90. The firm has a 50-day moving average of $5.36 and a 200-day moving average of $4.46. Camtek has a one year low of $2.38 and a one year high of $7.96.

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

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Algert Global LLC increased its position in shares of Camtek by 236.8% in the second quarter. Algert Global LLC now owns 464,971 shares of the semiconductor company’s stock worth $2,246,000 after buying an additional 326,899 shares during the last quarter. Endurance Wealth Management Inc. purchased a new position in shares of Camtek during the second quarter worth about $150,000. Acadian Asset Management LLC increased its position in shares of Camtek by 172.2% in the second quarter. Acadian Asset Management LLC now owns 341,294 shares of the semiconductor company’s stock worth $1,647,000 after buying an additional 215,925 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Camtek by 10.5% in the first quarter. Renaissance Technologies LLC now owns 1,016,600 shares of the semiconductor company’s stock worth $3,873,000 after buying an additional 96,670 shares during the last quarter. Finally, TFS Capital LLC purchased a new position in shares of Camtek during the first quarter worth about $118,000. 18.25% of the stock is currently owned by hedge funds and other institutional investors.

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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