BidaskClub downgraded shares of Camtek (NASDAQ:CAMT) from a hold rating to a sell rating in a report issued on Tuesday morning.

A number of other brokerages also recently issued reports on CAMT. ValuEngine downgraded shares of Camtek from a buy rating to a hold rating in a report on Tuesday, October 9th. B. Riley increased their price objective on shares of Camtek from $8.50 to $11.00 and gave the company a buy rating in a research note on Wednesday, August 1st. Finally, Zacks Investment Research raised shares of Camtek from a sell rating to a hold rating and set a $9.25 price objective on the stock in a research note on Wednesday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $9.56.

Shares of CAMT traded up $0.01 during trading hours on Tuesday, reaching $7.46. The company had a trading volume of 1,016 shares, compared to its average volume of 160,371. The company has a market capitalization of $272.20 million, a PE ratio of 28.66 and a beta of 1.28. Camtek has a 12-month low of $5.15 and a 12-month high of $11.11.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, July 31st. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). The company had revenue of $30.46 million during the quarter, compared to analysts’ expectations of $29.50 million. Camtek had a net margin of 20.86% and a return on equity of 16.72%. The business’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 EPS. As a group, equities analysts forecast that Camtek will post 0.53 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. acquired a new stake in Camtek in the 2nd quarter valued at about $347,000. Renaissance Technologies LLC grew its stake in Camtek by 10.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,271,500 shares of the semiconductor company’s stock valued at $9,346,000 after acquiring an additional 125,000 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Camtek in the 2nd quarter valued at about $201,000. Acadian Asset Management LLC grew its stake in Camtek by 539.6% in the 2nd quarter. Acadian Asset Management LLC now owns 175,163 shares of the semiconductor company’s stock valued at $1,286,000 after acquiring an additional 147,776 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in Camtek in the 3rd quarter valued at about $142,000. 22.37% of the stock is currently owned by hedge funds and other 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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