Camtek (NASDAQ:CAMT) Sees Large Volume Increase - Still a Buy?

Key Points

• Camtek (NASDAQ: CAMT) experienced a significant increase in trading volume, with approximately 1.1 million shares traded, reflecting a 143% surge compared to the previous session.
• Analysts have generally rated Camtek positively, with eight analysts giving it a Buy rating and a consensus target price of $96.10 after upgrades from multiple firms.
• The company reported earnings per share of $0.79 for the last quarter, meeting estimates, and its revenue increased by 20.2% year-over-year, totaling $123.32 million.

Shares of Camtek Ltd. (NASDAQ:CAMT - Get Free Report) saw strong trading volume on Friday . 1,104,128 shares traded hands during trading, an increase of 143% from the previous session's volume of 454,298 shares.The stock last traded at $87.56 and had previously closed at $84.11.

Analysts Set New Price Targets

CAMT has been the subject of several research reports. Evercore ISI increased their price target on shares of Camtek from $82.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Wall Street Zen raised Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Jefferies Financial Group set a $105.00 price target on shares of Camtek and gave the company a "buy" rating in a research report on Tuesday, August 5th. Bank of America lowered shares of Camtek from a "buy" rating to a "neutral" rating and set a $95.00 price objective for the company. in a research note on Wednesday, August 6th. Finally, Cantor Fitzgerald set a $80.00 target price on Camtek and gave the stock a "neutral" rating in a research report on Tuesday, June 24th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Camtek presently has an average rating of "Moderate Buy" and an average price target of $96.10.

Camtek Trading Up 3.7%

The firm's 50-day simple moving average is $87.30 and its 200-day simple moving average is $74.77. The firm has a market capitalization of $4.06 billion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 2.28 and a beta of 1.35. The company has a quick ratio of 4.38, a current ratio of 5.41 and a debt-to-equity ratio of 0.32.

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

Hedge Funds Weigh In On Camtek

Several institutional investors and hedge funds have recently made changes to their positions in the business. HBK Sorce Advisory LLC boosted its stake in Camtek by 1.4% during the second quarter. HBK Sorce Advisory LLC now owns 8,645 shares of the semiconductor company's stock worth $731,000 after acquiring an additional 121 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Camtek by 3.3% during the fourth quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company's stock valued at $427,000 after purchasing an additional 171 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Camtek by 23.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 952 shares of the semiconductor company's stock worth $81,000 after purchasing an additional 183 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Camtek by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company's stock worth $3,333,000 after buying an additional 279 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Camtek by 9.0% during 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 in the last quarter. Institutional investors own 41.93% of the company's stock.

About Camtek

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.