Camtek Ltd. (NASDAQ:CAMT - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $93.48, but opened at $98.40. Camtek shares last traded at $98.07, with a volume of 94,440 shares.
CAMT has been the topic of a number of research analyst reports. Stifel Nicolaus reiterated a "buy" rating and issued a $105.00 target price on shares of Camtek in a research note on Thursday, December 12th. Cantor Fitzgerald began coverage on Camtek in a research report on Monday. They issued a "neutral" rating and a $100.00 price target on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $95.00 price objective on shares of Camtek in a research note on Wednesday, November 13th. StockNews.com upgraded Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, Northland Securities raised their price objective on shares of Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Camtek currently has an average rating of "Moderate Buy" and an average price target of $110.78.
Check Out Our Latest Stock Analysis on CAMT
The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $4.48 billion, a P/E ratio of 45.53, a PEG ratio of 1.41 and a beta of 1.33. The firm's 50 day moving average price is $79.79 and its two-hundred day moving average price is $88.19.
Camtek (NASDAQ:CAMT - Get Free Report) last released its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The business had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. During the same quarter last year, the firm earned $0.46 earnings per share. The firm's revenue for the quarter was up 39.5% compared to the same quarter last year. Equities research analysts forecast that Camtek Ltd. will post 2.53 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Fred Alger Management LLC bought a new position in Camtek during the second quarter worth about $8,386,000. Meitav Investment House Ltd. increased its holdings in shares of Camtek by 14.1% during the third quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company's stock worth $29,887,000 after purchasing an additional 46,016 shares during the period. Squarepoint Ops LLC bought a new position in shares of Camtek during the second quarter worth approximately $1,423,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Camtek by 21.5% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company's stock valued at $121,734,000 after buying an additional 268,258 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Camtek by 34.0% in the second quarter. Millennium Management LLC now owns 217,617 shares of the semiconductor company's stock valued at $27,254,000 after buying an additional 55,234 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.
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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