Camtek (NASDAQ:CAMT) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Camtek (NASDAQ:CAMT) released its quarterly earnings data on Wednesday. The semiconductor company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02), FiscalAI reports. The firm had revenue of $128.12 million for the quarter, compared to the consensus estimate of $127.10 million. Camtek had a net margin of 9.86% and a return on equity of 23.82%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 earnings per share.

Camtek Trading Up 1.4%

CAMT stock opened at $159.20 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 7.58 and a quick ratio of 6.52. Camtek has a 1-year low of $47.41 and a 1-year high of $164.21. The business has a 50 day simple moving average of $131.91 and a two-hundred day simple moving average of $112.35. The company has a market capitalization of $7.26 billion, a price-to-earnings ratio of 177.78, a PEG ratio of 3.49 and a beta of 1.57.

Hedge Funds Weigh In On Camtek

Several institutional investors have recently bought and sold shares of CAMT. Daiwa Securities Group Inc. boosted its holdings in shares of Camtek by 202.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Camtek in the third quarter worth about $32,000. Global Retirement Partners LLC bought a new position in Camtek during the fourth quarter valued at approximately $52,000. Advisors Asset Management Inc. grew its holdings in Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 293 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in Camtek in the 4th quarter worth approximately $204,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Zacks Research raised Camtek from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Needham & Company LLC lifted their price objective on Camtek from $135.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Jefferies Financial Group upped their target price on shares of Camtek from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, December 15th. The Goldman Sachs Group reissued a “neutral” rating and set a $141.00 price objective on shares of Camtek in a report on Friday, January 9th. Finally, Wall Street Zen upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research note on Sunday, January 11th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.17.

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.