Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry. It provides inspection and metrology systems, including 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 support fanout wafer level packaging applications. The company sells its products in the Asia Pacific, the United States, and Europe. Camtek Ltd. was incorporated in 1987 and is headquartered in Migdal HaEmek, Israel.
Camtek Trading Down 7.0 %
CAMT Stock opened at $28.56 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 6.28 and a quick ratio of 5.47. The company has a fifty day moving average price of $27.04 and a two-hundred day moving average price of $30.00. Camtek has a one year low of $22.89 and a one year high of $49.60. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 3.70 and a beta of 1.53.
Camtek (NASDAQ:CAMT - Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The semiconductor company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.01. The business had revenue of $79.60 million during the quarter, compared to the consensus estimate of $80.00 million. Camtek had a return on equity of 24.22% and a net margin of 22.82%. Camtek's revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. Equities analysts anticipate that Camtek will post 1.59 EPS for the current year.
Analyst Ratings Changes
A number of brokerages recently commented on CAMT. Bank of America lowered their price objective on shares of Camtek from $33.00 to $30.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 29th. B. Riley cut shares of Camtek from a "buy" rating to a "neutral" rating and cut their target price for the company from $35.00 to $29.00 in a research note on Wednesday, June 15th. Finally, Barclays cut shares of Camtek from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $28.75 to $32.00 in a research note on Monday, August 1st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $35.25.