Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Camtek from a hold rating to a sell rating in a research report on Thursday, June 11th. Needham & Company LLC increased their price objective on shares of Camtek from $14.00 to $15.00 and gave the stock a buy rating in a research report on Tuesday, June 2nd. B. Riley raised their target price on shares of Camtek from $13.00 to $15.00 and gave the company a buy rating in a research report on Tuesday, May 12th. Finally, Northland Securities reaffirmed a buy rating and issued a $15.00 target price on shares of Camtek in a research report on Monday, May 11th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $14.25.
Shares of CAMT stock opened at $12.58 on Tuesday. The firm has a fifty day moving average of $12.55 and a 200-day moving average of $11.01. Camtek has a 12-month low of $6.26 and a 12-month high of $14.24. The company has a market capitalization of $471.64 million, a price-to-earnings ratio of 25.67 and a beta of 1.77.
Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Monday, May 11th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). Camtek had a return on equity of 13.14% and a net margin of 14.39%. The company had revenue of $30.18 million for the quarter, compared to the consensus estimate of $30.05 million. As a group, sell-side analysts predict that Camtek will post 0.52 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in CAMT. The Manufacturers Life Insurance Company bought a new position in Camtek in the first quarter valued at $2,501,000. Federated Hermes Inc. grew its position in shares of Camtek by 11.5% in the 1st quarter. Federated Hermes Inc. now owns 2,230,000 shares of the semiconductor company’s stock valued at $18,777,000 after acquiring an additional 230,000 shares during the period. Noked Israel Ltd bought a new position in shares of Camtek in the 4th quarter valued at about $2,218,000. Phoenix Holdings Ltd. grew its position in shares of Camtek by 10.1% in the 1st quarter. Phoenix Holdings Ltd. now owns 1,309,543 shares of the semiconductor company’s stock valued at $10,766,000 after acquiring an additional 120,564 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Camtek by 12.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 891,865 shares of the semiconductor company’s stock valued at $9,659,000 after acquiring an additional 99,326 shares during the period. 28.61% of the stock is owned by institutional investors and hedge funds.
Camtek Company Profile
Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.
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