Shares of Camtek Ltd. (NASDAQ:CAMT - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $96.77, but opened at $89.99. Camtek shares last traded at $93.53, with a volume of 136,739 shares traded.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. B. Riley lifted their target price on Camtek from $85.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Evercore ISI boosted their price objective on shares of Camtek from $82.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday. Bank of America cut shares of Camtek from a "buy" rating to a "neutral" rating and set a $95.00 target price for the company. in a report on Wednesday. Jefferies Financial Group lifted their price target on shares of Camtek from $85.00 to $105.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Stifel Nicolaus increased their price objective on shares of Camtek from $84.00 to $98.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Camtek has a consensus rating of "Moderate Buy" and a consensus price target of $96.10.
View Our Latest Stock Analysis on Camtek
Camtek Price Performance
The company's 50-day simple moving average is $83.99 and its 200-day simple moving average is $75.84. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.28 and a quick ratio of 4.27. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 30.05, a P/E/G ratio of 2.41 and a beta of 1.31.
Camtek (NASDAQ:CAMT - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.79. Camtek had a net margin of 28.36% and a return on equity of 24.78%. The company had revenue of $123.32 million during the quarter, compared to analysts' expectations of $121.57 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. Camtek's quarterly revenue was up 20.2% on a year-over-year basis. Research analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. HBK Sorce Advisory LLC grew its position in shares of Camtek by 1.4% in the 2nd quarter. HBK Sorce Advisory LLC now owns 8,645 shares of the semiconductor company's stock valued at $731,000 after buying an additional 121 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Camtek by 3.3% in the fourth quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company's stock valued at $427,000 after acquiring an additional 171 shares during the last quarter. Advisors Asset Management Inc. increased its position 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 purchasing an additional 293 shares during the period. Blue Trust Inc. boosted 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. Finally, Geode Capital Management LLC increased its position in shares of Camtek by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 39,117 shares of the semiconductor company's stock worth $3,159,000 after buying an additional 360 shares during the period. Institutional investors own 41.93% of the company's stock.
About Camtek
(
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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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