Camtek LTD. (NASDAQ:CAMT) – Research analysts at B. Riley dropped their Q2 2018 earnings per share (EPS) estimates for Camtek in a research report issued 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 has a “Buy” rating and a $8.00 price objective 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.
A number of other analysts also recently issued reports on CAMT. Needham & Company LLC raised their price objective on shares of Camtek from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday. ValuEngine upgraded shares of Camtek from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, TheStreet upgraded shares of Camtek from a “c” rating to a “b” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Camtek currently has a consensus rating of “Buy” and a consensus price target of $7.17.
Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Camtek had a return on equity of 15.68% and a net margin of 12.61%. The company had revenue of $25.84 million for the quarter, compared to analysts’ expectations of $24.50 million. During the same quarter last year, the business posted $0.02 EPS. The business’s quarterly revenue was up 20.0% on a year-over-year basis.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new position in shares of Camtek in the second quarter worth about $107,000. PEAK6 Investments L.P. increased its stake in shares of Camtek by 632.2% in the third quarter. PEAK6 Investments L.P. now owns 21,444 shares of the semiconductor company’s stock worth $110,000 after purchasing an additional 25,473 shares in the last quarter. Navellier & Associates Inc purchased a new position in shares of Camtek in the second quarter worth about $208,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Camtek in the third quarter worth about $468,000. Hedge funds and other 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.
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