Camtek (NASDAQ:CAMT) Sets New 12-Month High - Here's What Happened

Key Points

• Camtek Ltd. reached a new 52-week high with its share price peaking at $119.26 during Tuesday's trading session, a notable rise from the previous closing price of $113.33.
• Analysts have generally upgraded their outlook on Camtek, resulting in a consensus average rating of "Moderate Buy" and a target price of $96.10.
• The company reported $123.32 million in revenue for the latest quarter, surpassing analyst estimates and showing a 20.2% increase year-over-year.

Camtek Ltd. (NASDAQ:CAMT - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $119.26 and last traded at $116.68, with a volume of 270695 shares changing hands. The stock had previously closed at $113.33.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zacks Research upgraded Camtek to a "hold" rating in a research report on Monday, August 11th. Evercore ISI boosted their price objective on Camtek from $82.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Bank of America cut Camtek from a "buy" rating to a "neutral" rating and set a $95.00 price objective for the company. in a research report on Wednesday, August 6th. Cantor Fitzgerald set a $80.00 price target on Camtek and gave the stock a "neutral" rating in a research note on Tuesday, June 24th. Finally, Needham & Company LLC lifted their price target on Camtek from $80.00 to $98.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $96.10.

Camtek Price Performance

The stock has a 50 day simple moving average of $90.97 and a two-hundred day simple moving average of $78.66. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 42.74, a price-to-earnings-growth ratio of 2.94 and a beta of 1.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 5.41 and a quick ratio of 4.38.

Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.79 earnings per share for the quarter, hitting analysts' consensus estimates 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 for the quarter was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. Camtek has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camtek

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAMT. Caitong International Asset Management Co. Ltd acquired a new position in Camtek during the first quarter worth $31,000. Advisors Asset Management Inc. boosted its stake in Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company's stock worth $45,000 after buying an additional 293 shares during the last quarter. Optimum Investment Advisors lifted its stake in shares of Camtek by 60.0% in the 2nd quarter. Optimum Investment Advisors now owns 1,200 shares of the semiconductor company's stock valued at $101,000 after purchasing an additional 450 shares during the last quarter. Petrus Trust Company LTA lifted its stake in shares of Camtek by 12.9% in the 1st quarter. Petrus Trust Company LTA now owns 3,706 shares of the semiconductor company's stock valued at $217,000 after purchasing an additional 422 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of 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 purchasing an additional 351 shares during the last quarter. Institutional investors and hedge funds 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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