Cantor Fitzgerald Forecasts Camtek FY2024 Earnings

Camtek Ltd. (NASDAQ:CAMT - Free Report) - Equities researchers at Cantor Fitzgerald issued their FY2024 EPS estimates for Camtek in a report issued on Monday, January 13th. Cantor Fitzgerald analyst M. Prisco anticipates that the semiconductor company will post earnings per share of $2.54 for the year. Cantor Fitzgerald has a "Neutral" rating and a $100.00 price target on the stock. The consensus estimate for Camtek's current full-year earnings is $2.53 per share.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.06. The company had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. Camtek's revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter last year, the business earned $0.46 EPS.

Other research analysts have also issued research reports about the stock. Northland Securities raised their price target on shares of Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Needham & Company LLC restated a "buy" rating and set a $95.00 target price on shares of Camtek in a report on Wednesday, November 13th. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $110.78.

Camtek Trading Up 5.8 %

CAMT stock traded up $5.46 during trading on Thursday, reaching $98.94. 827,709 shares of the stock traded hands, compared to its average volume of 468,501. The firm has a market capitalization of $4.49 billion, a PE ratio of 45.59, a P/E/G ratio of 1.41 and a beta of 1.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36. The business's 50 day moving average price is $80.12 and its 200-day moving average price is $88.27. Camtek has a 52-week low of $69.83 and a 52-week high of $140.50.

Institutional Trading of Camtek

Several large investors have recently modified their holdings of the business. Commonwealth Equity Services LLC boosted its holdings in Camtek by 49.1% in the second quarter. Commonwealth Equity Services LLC now owns 5,484 shares of the semiconductor company's stock valued at $687,000 after purchasing an additional 1,805 shares during the last quarter. Axxcess Wealth Management LLC boosted its stake in shares of Camtek by 5.0% during the 2nd quarter. Axxcess Wealth Management LLC now owns 12,329 shares of the semiconductor company's stock valued at $1,544,000 after buying an additional 586 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in shares of Camtek during the second quarter worth approximately $250,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of Camtek by 14.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,851 shares of the semiconductor company's stock worth $605,000 after buying an additional 613 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Camtek by 30.1% in the second quarter. Hsbc Holdings PLC now owns 5,050 shares of the semiconductor company's stock valued at $635,000 after acquiring an additional 1,169 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Company Profile

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.