Camtek LTD. (NASDAQ:CAMT) – Research analysts at B. Riley lowered their Q2 2018 EPS estimates for shares of Camtek in a report released on Wednesday. B. Riley analyst C. Ellis now expects that the semiconductor company will post earnings per share of $0.11 for the quarter, down from their prior forecast of $0.13. B. Riley currently has a “Buy” rating and a $8.00 price target on the stock. B. Riley also issued estimates for Camtek’s Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.11 EPS, FY2018 earnings at $0.44 EPS, Q1 2019 earnings at $0.12 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.15 EPS, FY2019 earnings at $0.57 EPS and FY2020 earnings at $0.74 EPS.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). The company had revenue of $25.84 million during the quarter, compared to analysts’ expectations of $24.50 million. Camtek had a return on equity of 16.68% and a net margin of 13.54%. The firm’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.02 EPS.

Several other research analysts also recently commented on CAMT. TheStreet upgraded Camtek from a “c” rating to a “b” rating in a report on Thursday, November 9th. ValuEngine downgraded Camtek from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Needham & Company LLC boosted their price target on Camtek from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday. Finally, Zacks Investment Research downgraded Camtek from a “hold” rating to a “strong sell” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company. Camtek currently has a consensus rating of “Buy” and an average price target of $7.17.

Camtek (NASDAQ:CAMT) traded up $0.04 on Thursday, hitting $6.59. The stock had a trading volume of 41,626 shares, compared to its average volume of 172,285. The stock has a market capitalization of $245.09, a P/E ratio of 17.24 and a beta of 1.16. Camtek has a 1 year low of $3.44 and a 1 year high of $7.96.

A number of large investors have recently made changes to their positions in the stock. PEAK6 Investments L.P. increased its holdings in Camtek by 632.2% during the 3rd quarter. PEAK6 Investments L.P. now owns 21,444 shares of the semiconductor company’s stock valued at $110,000 after purchasing an additional 25,473 shares during the period. JPMorgan Chase & Co. purchased a new position in Camtek during the 3rd quarter valued at about $468,000. Navellier & Associates Inc purchased a new position in Camtek during the 2nd quarter valued at about $208,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Camtek during the 2nd quarter valued at about $107,000. Institutional investors own 17.36% of the company’s stock.

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Camtek Company Profile

Camtek Ltd is an Israel-based manufacturer of metrology and inspection equipment and a provider of software solutions. The Company mainly serves the Advanced Packaging, Memory, Complementary Metal Oxide Semiconductor (CMOS) Image Sensors, Micro Electro Mechanical Sensor (MEMS), Radio Frequency (RF) and other segments in the mid end of the semiconductors industry.

Earnings History and Estimates for Camtek (NASDAQ:CAMT)

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