Camtek Ltd. (CAMT) Upgraded by TheStreet to “B”

TheStreet upgraded shares of Camtek Ltd. (NASDAQ:CAMT) from a c rating to a b rating in a report published on Thursday.

CAMT has been the topic of several other research reports. B. Riley boosted their price target on Camtek from $7.00 to $7.50 and gave the company a buy rating in a research note on Wednesday, November 8th. Zacks Investment Research lowered Camtek from a buy rating to a hold rating in a research note on Tuesday, October 3rd. Finally, Needham & Company LLC raised Camtek from a hold rating to a buy rating and set a $7.00 price target on the stock in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Camtek presently has a consensus rating of Buy and an average price target of $6.67.

Shares of Camtek (NASDAQ:CAMT) opened at $5.95 on Thursday. The company has a market capitalization of $210.73, a price-to-earnings ratio of 17.50 and a beta of 1.01. Camtek has a one year low of $2.82 and a one year high of $7.96.

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The business also recently declared an annual dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 22nd will be paid a $0.14 dividend. This represents a yield of 9.36%. The ex-dividend date of this dividend is Tuesday, November 21st.

A number of institutional investors and hedge funds have recently modified their holdings of CAMT. Cubist Systematic Strategies LLC bought a new position in Camtek in the 2nd quarter valued at $107,000. Endurance Wealth Management Inc. bought a new position in Camtek in the 2nd quarter valued at $150,000. Navellier & Associates Inc bought a new position in Camtek in the 2nd quarter valued at $208,000. Engineers Gate Manager LP bought a new position in Camtek in the 2nd quarter valued at $257,000. Finally, JPMorgan Chase & Co. bought a new position in Camtek in the 3rd quarter valued at $468,000. Hedge funds and other institutional investors own 17.17% of the company’s stock.

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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