Shares of Camtek LTD. (NASDAQ:CAMT) have earned a consensus broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating and one has issued a strong buy rating on the company. Camtek’s rating score has improved by 25% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a twelve-month consensus target price of $7.25 for the company and are anticipating that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also given Camtek an industry rank of 16 out of 265 based on the ratings given to its competitors.
CAMT has been the subject of a number of research analyst reports. TheStreet upgraded Camtek from a “c” rating to a “b” rating in a report on Thursday, November 9th. Zacks Investment Research upgraded Camtek from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a report on Thursday, September 21st. Needham & Company LLC upgraded Camtek from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a report on Tuesday, October 3rd. Finally, B. Riley boosted their price target on Camtek from $7.00 to $7.50 and gave the company a “buy” rating in a report on Wednesday, November 8th.
The company also recently declared an annual dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd were issued a $0.14 dividend. The ex-dividend date was Tuesday, November 21st. This represents a dividend yield of 9.36%. Camtek’s dividend payout ratio (DPR) is -700.00%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. PDT Partners LLC bought a new position in Camtek during the 2nd quarter worth $1,284,000. Menta Capital LLC grew its stake in Camtek by 53.5% during the 2nd quarter. Menta Capital LLC now owns 101,279 shares of the semiconductor company’s stock worth $489,000 after buying an additional 35,308 shares during the last quarter. Engineers Gate Manager LP bought a new position in Camtek during the 2nd quarter worth $257,000. Navellier & Associates Inc bought a new position in Camtek during the 2nd quarter worth $208,000. Finally, Cubist Systematic Strategies LLC bought a new position in Camtek during the 2nd quarter worth $107,000. Institutional investors and hedge funds own 17.31% of the company’s stock.
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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.
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