Camtek Ltd. (NASDAQ:CAMT - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $93.48, but opened at $98.40. Camtek shares last traded at $98.07, with a volume of 94,440 shares changing hands.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Stifel Nicolaus reaffirmed a "buy" rating and issued a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. Cantor Fitzgerald initiated coverage on shares of Camtek in a research report on Monday. They set a "neutral" rating and a $100.00 target price on the stock. Needham & Company LLC reissued a "buy" rating and issued a $95.00 price target on shares of Camtek in a report on Wednesday, November 13th. StockNews.com upgraded shares of Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Finally, Northland Securities increased their price objective on Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Camtek currently has an average rating of "Moderate Buy" and a consensus price target of $112.44.
Get Our Latest Analysis on CAMT
Camtek Stock Performance
The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 47.75, a P/E/G ratio of 1.41 and a beta of 1.33. The stock has a 50 day moving average price of $80.12 and a two-hundred day moving average price of $88.27.
Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.06. The business had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The firm's revenue was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 earnings per share. Analysts predict that Camtek Ltd. will post 2.53 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in shares of Camtek by 78.8% during the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 145 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Camtek by 23,300.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company's stock worth $59,000 after acquiring an additional 466 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Camtek during the third quarter worth about $53,000. Gateway Wealth Partners LLC bought a new position in shares of Camtek during the 2nd quarter valued at about $220,000. Finally, Susquehanna International Group Ltd. bought a new position in shares of Camtek during the 2nd quarter valued at about $237,000. Institutional investors and hedge funds own 41.93% of the company's stock.
Camtek Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Camtek, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Camtek wasn't on the list.
While Camtek currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
