Northland Securities Lowers Earnings Estimates for Camtek

Key Points

• Northland Securities lowered Camtek’s FY2026 EPS forecast to $3.25 from $3.35, slightly below the $3.27 consensus estimate. It also projected FY2027 EPS of $4.72.
• Camtek reported quarterly EPS of $0.99, matching analyst expectations, while revenue of $161.29 million topped forecasts and rose 28% year over year.
• Analyst views were mixed: the average rating was “Hold” with a $164 price target, as several firms cut targets and Morgan Stanley downgraded the stock to “Underweight.”

Camtek Ltd. (NASDAQ:CAMT - Free Report) - Northland Securities cut their FY2026 earnings per share estimates for shares of Camtek in a report issued on Wednesday, November 4th. Northland Securities analyst G. Richard now anticipates that the semiconductor company will earn $3.25 per share for the year, down from their prior forecast of $3.35. The consensus estimate for Camtek's current full-year earnings is $3.27 per share. Northland Securities also issued estimates for Camtek's Q4 2026 earnings at $1.04 EPS, Q2 2027 earnings at $1.17 EPS, Q3 2027 earnings at $1.22 EPS, Q4 2027 earnings at $1.22 EPS and FY2027 earnings at $4.72 EPS.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.99. Camtek had a return on equity of 21.38% and a net margin of 24.56%. The firm had revenue of $161.29 million during the quarter, compared to the consensus estimate of $160.36 million. During the same quarter last year, the company posted $0.82 EPS. The company's revenue for the quarter was up 28.0% on a year-over-year basis.

Several other brokerages have also issued reports on CAMT. Needham & Company LLC dropped their target price on shares of Camtek from $170.00 to $130.00 and set a "buy" rating for the company in a research report on Wednesday, November 4th. Weiss Ratings reissued a "hold (c)" rating on shares of Camtek in a report on Wednesday, November 4th. B. Riley Financial lowered their price objective on shares of Camtek from $166.00 to $138.00 and set a "buy" rating on the stock in a research report on Monday. Morgan Stanley downgraded shares of Camtek from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $152.00 to $126.00 in a report on Monday, November 2nd. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $175.00 price objective on shares of Camtek in a report on Tuesday, September 22nd. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Camtek presently has an average rating of "Hold" and an average price target of $164.00.

Camtek Stock Up 4.8%

CAMT stock opened at $107.05 on Thursday. The company's 50 day moving average is $135.08 and its 200 day moving average is $155.46. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.69. The company has a current ratio of 5.85, a quick ratio of 5.18 and a debt-to-equity ratio of 0.65. Camtek has a 1-year low of $89.13 and a 1-year high of $215.99.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CAMT. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Camtek by 15.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,060,896 shares of the semiconductor company's stock worth $475,204,000 after acquiring an additional 412,500 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in Camtek by 38.2% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,302,009 shares of the semiconductor company's stock worth $349,008,000 after purchasing an additional 636,773 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its position in Camtek by 13.1% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,130,993 shares of the semiconductor company's stock worth $329,760,000 after purchasing an additional 246,885 shares during the period. Phoenix Financial Ltd. raised its position in Camtek by 746.3% in the 3rd quarter. Phoenix Financial Ltd. now owns 2,013,214 shares of the semiconductor company's stock worth $311,938,000 after purchasing an additional 1,775,319 shares during the period. Finally, Royce & Associates LP lifted its stake in Camtek by 6.0% in the third quarter. Royce & Associates LP now owns 223,391 shares of the semiconductor company's stock worth $34,681,000 after purchasing an additional 12,680 shares during the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Camtek

In related news, VP Orit Geva-Dvash sold 508 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $175.00, for a total value of $88,900.00. Following the completion of the sale, the vice president owned 5,205 shares in the company, valued at $910,875. The trade was a 8.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Karni Yarl Andorn sold 3,176 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $164.40, for a total value of $522,134.40. Following the completion of the sale, the director owned 1,343 shares of the company's stock, valued at $220,789.20. The trade was a 70.28% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 79.40% of the company's stock.

About Camtek

Camtek Ltd. develops, manufactures and sells inspection and metrology equipment used in semiconductor manufacturing. Its systems help manufacturers detect defects and measure features on wafers and other components, supporting quality control as semiconductor devices become smaller and more complex. The company's products serve applications including advanced packaging, memory, image sensors and other semiconductor processes. Camtek combines optical inspection hardware with software to analyze production data and identify issues during manufacturing.

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