Camtek Ltd. (NASDAQ:CAMT - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $75.39 and traded as high as $92.74. Camtek shares last traded at $91.93, with a volume of 378,781 shares trading hands.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on CAMT. Northland Securities set a $105.00 target price on Camtek in a research report on Wednesday, May 14th. Needham & Company LLC cut their price target on Camtek from $110.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Barclays cut their price objective on shares of Camtek from $120.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen upgraded Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, B. Riley increased their price objective on Camtek from $85.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $89.00.
Get Our Latest Stock Analysis on CAMT
Camtek Price Performance
The stock has a market capitalization of $4.30 billion, a PE ratio of 36.13, a P/E/G ratio of 2.52 and a beta of 1.34. The stock's 50-day moving average is $76.81 and its 200 day moving average is $75.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.27 and a current ratio of 5.28.
Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The company had revenue of $118.64 million for the quarter, compared to analysts' expectations of $119.00 million. Camtek had a net margin of 28.40% and a return on equity of 24.57%. The business's revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. As a group, equities analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current year.
Institutional Investors Weigh In On Camtek
A number of hedge funds and other institutional investors have recently modified their holdings of CAMT. Caitong International Asset Management Co. Ltd acquired a new position in shares of Camtek during the first quarter worth approximately $31,000. Huntington National Bank grew its stake in Camtek by 42.4% in the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 123 shares during the period. Advisors Asset Management Inc. lifted its holdings in Camtek by 61.6% in the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 293 shares during the period. State of Wyoming raised its stake in Camtek by 146.2% during the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company's stock valued at $163,000 after purchasing an additional 1,200 shares during the period. Finally, Optimum Investment Advisors lifted its stake in shares of Camtek by 43.3% during the 4th quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company's stock worth $174,000 after acquiring an additional 650 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company's stock.
Camtek Company Profile
(
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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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