Camtek (NASDAQ:CAMT) Issues Earnings Results, Beats Expectations By $0.02 EPS

Camtek (NASDAQ:CAMT) issued its earnings results on Monday. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02, FiscalAI reports. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The company had revenue of $133.24 million for the quarter, compared to analysts’ expectations of $130.19 million.

Camtek Stock Performance

Shares of CAMT stock opened at $155.35 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.35 and a quick ratio of 7.46. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 178.57, a PEG ratio of 3.73 and a beta of 1.58. The stock has a 50 day simple moving average of $159.00 and a 200-day simple moving average of $163.07. Camtek has a 1-year low of $75.75 and a 1-year high of $215.99.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CAMT. Weiss Ratings raised shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 14th. Evercore reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Camtek in a report on Wednesday, May 13th. Oppenheimer boosted their target price on Camtek from $180.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Barclays upped their target price on Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Finally, B. Riley Financial reissued a “buy” rating on shares of Camtek in a report on Monday, April 20th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Camtek has an average rating of “Moderate Buy” and an average price target of $174.67.

Institutional Investors Weigh In On Camtek

Institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. raised its position in shares of Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 293 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Camtek by 12.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company’s stock worth $8,749,000 after buying an additional 16,117 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Camtek by 0.7% in the second quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company’s stock valued at $3,333,000 after acquiring an additional 279 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Camtek by 4.7% in the second quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock worth $409,000 after acquiring an additional 217 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Camtek by 8.3% in the second quarter. Invesco Ltd. now owns 263,836 shares of the semiconductor company’s stock worth $22,310,000 after acquiring an additional 20,237 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

About Camtek

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.