Camtek (NASDAQ:CAMT - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Friday.
Several other equities analysts have also recently weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $140.00 target price on shares of Camtek in a research note on Friday, August 2nd. B. Riley lowered their target price on Camtek from $150.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Northland Securities raised Camtek from a "market perform" rating to an "outperform" rating and set a $99.00 target price on the stock in a research note on Monday, August 5th. Finally, Northland Capmk raised Camtek from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 5th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $116.57.
Get Our Latest Analysis on CAMT
Shares of CAMT opened at $77.59 on Friday. The business's 50-day moving average price is $83.39 and its 200 day moving average price is $95.51. The stock has a market capitalization of $3.48 billion, a P/E ratio of 43.84, a P/E/G ratio of 1.55 and a beta of 1.38. Camtek has a 1-year low of $49.64 and a 1-year high of $140.50. The company has a current ratio of 5.21, a quick ratio of 4.29 and a debt-to-equity ratio of 0.42.
Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. The firm had revenue of $102.60 million for the quarter, compared to analysts' expectations of $101.26 million. Camtek had a return on equity of 22.57% and a net margin of 25.93%. Camtek's revenue was up 39.4% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. Analysts expect that Camtek will post 2.45 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of CAMT. PNC Financial Services Group Inc. increased its position in shares of Camtek by 17.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company's stock valued at $158,000 after purchasing an additional 340 shares during the period. Jennison Associates LLC grew its position in Camtek by 383.1% in the first quarter. Jennison Associates LLC now owns 23,015 shares of the semiconductor company's stock valued at $1,928,000 after acquiring an additional 18,251 shares during the period. Swiss National Bank grew its position in Camtek by 1.3% in the first quarter. Swiss National Bank now owns 58,287 shares of the semiconductor company's stock valued at $4,850,000 after acquiring an additional 750 shares during the period. Sei Investments Co. grew its position in Camtek by 41.5% in the first quarter. Sei Investments Co. now owns 94,473 shares of the semiconductor company's stock valued at $7,914,000 after acquiring an additional 27,707 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Camtek in the first quarter valued at $50,000. 41.93% of the stock is currently owned by institutional investors.
Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.
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