Camtek (NASDAQ:CAMT) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Camtek Ltd. (NASDAQ:CAMT) shares have surpassed their 200-day moving average, reaching a peak of $106.69 before settling at $105.13 on high trading volume.
• Analysts have shown varying sentiment towards Camtek, with Zacks Research upgrading to a "hold" and Needham & Company raising their price target to $98, while Bank of America downgraded their rating to "neutral" with a $95 target.
• In its latest quarterly earnings, Camtek reported $123.32 million in revenue, a 20.2% increase from the previous year, while matching the consensus earnings expectation of $0.79 EPS.

Shares of Camtek Ltd. (NASDAQ:CAMT - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $75.80 and traded as high as $106.69. Camtek shares last traded at $105.13, with a volume of 1,146,163 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CAMT shares. Zacks Research upgraded shares of Camtek to a "hold" rating in a report on Monday, August 11th. Needham & Company LLC raised their price objective on shares of Camtek from $80.00 to $98.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Cantor Fitzgerald set a $80.00 price objective on shares of Camtek and gave the stock a "neutral" rating in a report on Tuesday, June 24th. Oppenheimer started coverage on shares of Camtek in a report on Wednesday, July 2nd. They set an "outperform" rating and a $100.00 price objective for the company. Finally, Bank of America downgraded shares of Camtek from a "buy" rating to a "neutral" rating and set a $95.00 price objective for the company. in a report on Wednesday, August 6th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $96.10.

Camtek Price Performance

The stock has a market capitalization of $4.79 billion, a PE ratio of 38.51, a P/E/G ratio of 2.67 and a beta of 1.35. The firm's 50 day simple moving average is $88.25 and its 200 day simple moving average is $75.80. 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 posted its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. Camtek had a net margin of 28.36% and a return on equity of 23.95%. The firm had revenue of $123.32 million for the quarter, compared to the consensus estimate of $121.57 million. During the same period last year, the firm posted $0.66 earnings per share. The business's revenue was up 20.2% compared to the same quarter last year. Camtek has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Institutional Trading of Camtek

Large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new stake in Camtek in the first quarter valued at $31,000. Advisors Asset Management Inc. boosted its holdings in shares of 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 buying an additional 293 shares in the last quarter. Optimum Investment Advisors boosted its holdings in shares of Camtek by 60.0% during the 2nd quarter. Optimum Investment Advisors now owns 1,200 shares of the semiconductor company's stock valued at $101,000 after buying an additional 450 shares in the last quarter. Lombard Odier Asset Management USA Corp bought a new stake in shares of Camtek during the 2nd quarter valued at $267,000. Finally, Lido Advisors LLC bought a new stake in shares of Camtek during the 2nd quarter valued at $306,000. 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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