Camtek (NASDAQ:CAMT) Reaches New 1-Year High - Here's What Happened

Key Points

• Camtek Ltd. (NASDAQ: CAMT) shares reached a new 52-week high, trading at $111.21, marking a significant increase from a previous close of $105.05.
• Analysts are generally optimistic about Camtek, with eight ratings for "Buy" and a consensus target price of $96.10, despite some brokerages issuing mixed recommendations.
• The company reported a 20.2% year-over-year revenue increase with Q2 earnings meeting expectations at $0.79 per share, showcasing strong performance in the semiconductor sector.

Camtek Ltd. (NASDAQ:CAMT - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $111.21 and last traded at $110.67, with a volume of 240787 shares traded. The stock had previously closed at $105.05.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CAMT. Cantor Fitzgerald set a $80.00 target price on shares of Camtek and gave the stock a "neutral" rating in a report on Tuesday, June 24th. Needham & Company LLC raised their target price on shares of Camtek from $80.00 to $98.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Jefferies Financial Group set a $105.00 target price on shares of Camtek and gave the stock a "buy" rating in a report on Tuesday, August 5th. Bank of America cut shares of Camtek from a "buy" rating to a "neutral" rating and set a $95.00 target price on the stock. in a report on Wednesday, August 6th. Finally, Stifel Nicolaus boosted their target price on shares of Camtek from $84.00 to $98.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $96.10.

Camtek Trading Up 8.0%

The business's 50 day moving average price is $89.39 and its two-hundred day moving average price is $77.19. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 2.70 and a beta of 1.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 4.38 and a current ratio of 5.41.

Camtek (NASDAQ:CAMT - Get Free Report) last released its earnings results on Tuesday, August 5th. The semiconductor company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. The business had revenue of $123.32 million during the quarter, compared to analyst estimates of $121.57 million. Camtek had a net margin of 28.36% and a return on equity of 23.95%. The business's quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 earnings per share. Camtek has set its Q3 2025 guidance at EPS. Equities analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

Several hedge funds have recently made changes to their positions in CAMT. Wellington Management Group LLP lifted its position in shares of Camtek by 45.6% in the 4th quarter. Wellington Management Group LLP now owns 148,590 shares of the semiconductor company's stock valued at $12,002,000 after acquiring an additional 46,512 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Camtek in the 1st quarter valued at approximately $1,055,000. Blue Trust Inc. increased its stake in Camtek by 9.0% in the 1st quarter. Blue Trust Inc. now owns 4,237 shares of the semiconductor company's stock valued at $248,000 after buying an additional 351 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Camtek in the 1st quarter valued at approximately $1,101,000. Finally, HBK Sorce Advisory LLC increased its stake in Camtek by 9.8% in the 1st quarter. HBK Sorce Advisory LLC now owns 8,524 shares of the semiconductor company's stock valued at $500,000 after buying an additional 759 shares during the period. Hedge funds and other institutional investors own 41.93% of the company's stock.

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.

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