Camtek Ltd. (NASDAQ:CAMT - Get Free Report)'s share price was up 4.7% during trading on Tuesday . The stock traded as high as $82.93 and last traded at $82.86. Approximately 97,868 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 534,402 shares. The stock had previously closed at $79.16.
Analysts Set New Price Targets
Several analysts have recently commented on CAMT shares. B. Riley lowered their price objective on Camtek from $150.00 to $140.00 and set a "buy" rating for the company 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 price objective for the company in a research note on Monday, August 5th. Needham & Company LLC reissued a "buy" rating and issued a $140.00 price objective on shares of Camtek in a research note on Friday, August 2nd. Northland Capmk raised Camtek from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 5th. Finally, StockNews.com raised Camtek from a "sell" rating to a "hold" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Camtek presently has a consensus rating of "Buy" and an average target price of $116.57.
Check Out Our Latest Report on Camtek
Camtek Trading Up 5.6 %
The firm has a fifty day simple moving average of $82.56 and a two-hundred day simple moving average of $95.70. The firm has a market capitalization of $3.76 billion, a P/E ratio of 47.25, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 4.29.
Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. Camtek had a return on equity of 22.57% and a net margin of 25.93%. The business had revenue of $102.60 million during the quarter, compared to analyst estimates of $101.26 million. During the same period in the prior year, the company earned $0.38 earnings per share. Camtek's revenue was up 39.4% compared to the same quarter last year. On average, equities research analysts anticipate that Camtek Ltd. will post 2.45 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Camtek
A number of large investors have recently made changes to their positions in CAMT. Blue Trust Inc. boosted its stake in Camtek by 4.1% during the second quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company's stock valued at $341,000 after buying an additional 108 shares during the period. Petra Financial Advisors Inc. boosted its stake in Camtek by 1.5% during the second quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company's stock valued at $1,038,000 after buying an additional 120 shares during the period. Van ECK Associates Corp raised its position in Camtek by 1.6% during the third quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company's stock valued at $755,000 after purchasing an additional 148 shares in the last quarter. Ellsworth Advisors LLC raised its position in Camtek by 3.4% during the second quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company's stock valued at $926,000 after purchasing an additional 245 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in 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 in the last quarter. 41.93% of the stock is owned by institutional investors.
About Camtek
(
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.
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