Camtek (NASDAQ:CAMT) Reaches New 52-Week High Following Analyst Upgrade

Key Points

• Camtek Ltd. reached a new 52-week high of $120.16 after Bank of America upgraded its stock rating from neutral to buy, with a new price target set at $135.00.
• Camtek reported earnings of $0.79 per share and revenues of $123.32 million for the last quarter, showing a 20.2% year-over-year revenue growth.
• Nine research analysts have rated Camtek with a Buy rating, while three analysts have given it a Hold rating, indicating positive investor sentiment.

Camtek Ltd. (NASDAQ:CAMT - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday after Bank of America upgraded the stock from a neutral rating to a buy rating. Bank of America now has a $135.00 price target on the stock. Camtek traded as high as $120.16 and last traded at $118.38, with a volume of 116555 shares. The stock had previously closed at $110.05.

A number of other brokerages have also weighed in on CAMT. Jefferies Financial Group set a $105.00 price objective on Camtek and gave the company a "buy" rating in a report on Tuesday, August 5th. Cantor Fitzgerald set a $80.00 price target on Camtek and gave the company a "neutral" rating in a research note on Tuesday, June 24th. Northland Securities set a $140.00 target price on shares of Camtek in a research report on Tuesday, October 7th. Weiss Ratings restated a "hold (c)" rating on shares of Camtek in a research report on Wednesday, October 8th. Finally, Evercore ISI boosted their target price on shares of Camtek from $82.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $110.30.

Institutional Investors Weigh In On Camtek

Institutional investors and hedge funds have recently bought and sold shares of the stock. Analog Century Management LP purchased a new position in shares of Camtek in the 2nd quarter worth about $52,321,000. Wasatch Advisors LP raised its holdings in Camtek by 18.6% in the second quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company's stock valued at $296,529,000 after buying an additional 550,072 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Camtek by 110.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,015,307 shares of the semiconductor company's stock valued at $59,527,000 after buying an additional 532,944 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its holdings in Camtek by 27.8% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,134,671 shares of the semiconductor company's stock valued at $123,622,000 after buying an additional 464,671 shares during the period. Finally, Phoenix Financial Ltd. raised its stake in shares of Camtek by 266.0% in the 1st quarter. Phoenix Financial Ltd. now owns 469,178 shares of the semiconductor company's stock valued at $27,740,000 after acquiring an additional 341,000 shares during the period. Hedge funds and other institutional investors own 41.93% of the company's stock.

Camtek Stock Performance

The stock's 50 day moving average price is $92.31 and its 200 day moving average price is $79.99. The company has a current ratio of 5.41, a quick ratio of 4.38 and a debt-to-equity ratio of 0.32. The firm has a market cap of $5.39 billion, a PE ratio of 43.17, a P/E/G ratio of 2.86 and a beta of 1.39.

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

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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