Camtek (CAMT) – Investment Analysts’ Recent Ratings Changes

Camtek (NASDAQ: CAMT) has recently received a number of price target changes and ratings updates:

• 11/20/2024 – Camtek was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/13/2024 – Camtek had its price target raised by analysts at Northland Securities from $99.00 to $102.00. They now have an “outperform” rating on the stock.
• 11/13/2024 – Camtek had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $95.00 price target on the stock.
• 11/12/2024 – Camtek was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 10/25/2024 – Camtek was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/17/2024 – Camtek was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Camtek Trading Up 3.6 %

CAMT opened at $74.50 on Monday. 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 firm has a market cap of $3.38 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 1.35 and a beta of 1.38. Camtek Ltd. has a 12 month low of $59.33 and a 12 month high of $140.50. The stock has a fifty day moving average price of $78.66 and a 200-day moving average price of $94.63.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The business had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. During the same period in the previous year, the company posted $0.46 earnings per share. The firm’s revenue was up 39.5% on a year-over-year basis. As a group, equities research analysts anticipate that Camtek Ltd. will post 2.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

Several institutional investors have recently bought and sold shares of CAMT. Tidal Investments LLC lifted its holdings in shares of Camtek by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 20,914 shares of the semiconductor company’s stock valued at $1,670,000 after purchasing an additional 914 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Camtek during the 3rd quarter valued at about $53,000. Virtu Financial LLC raised its stake in Camtek by 104.7% in the third quarter. Virtu Financial LLC now owns 8,302 shares of the semiconductor company’s stock valued at $663,000 after buying an additional 4,247 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Camtek in the third quarter worth about $6,481,000. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Camtek by 407.4% during the third quarter. Y Intercept Hong Kong Ltd now owns 9,234 shares of the semiconductor company’s stock worth $737,000 after acquiring an additional 7,414 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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.