Camtek (NASDAQ:CAMT) Reaches New 12-Month High – What’s Next?

Camtek Ltd. (NASDAQ:CAMT)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $210.90 and last traded at $208.88, with a volume of 85494 shares. The stock had previously closed at $205.54.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CAMT shares. Morgan Stanley increased their target price on Camtek from $151.00 to $161.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 24th. Wall Street Zen upgraded Camtek from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Northland Securities cut Camtek from an “outperform” rating to a “market perform” rating and set a $150.00 target price on the stock. in a report on Wednesday, February 18th. Oppenheimer increased their target price on Camtek from $120.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Finally, Evercore restated an “outperform” rating and set a $190.00 target price on shares of Camtek in a report on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Camtek presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.75.

Camtek Stock Performance

The firm has a fifty day moving average of $171.11 and a 200-day moving average of $141.28. The firm has a market cap of $9.51 billion, a P/E ratio of 220.70, a PEG ratio of 4.84 and a beta of 1.61. The company has a quick ratio of 7.31, a current ratio of 8.35 and a debt-to-equity ratio of 0.84.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.02). The firm had revenue of $128.12 million during the quarter, compared to the consensus estimate of $127.10 million. Camtek had a net margin of 10.23% and a return on equity of 23.61%. Camtek’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 EPS. Research analysts predict that Camtek Ltd. will post 3.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camtek

Several hedge funds have recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its holdings in Camtek by 14.7% in the third quarter. Wasatch Advisors LP now owns 4,020,683 shares of the semiconductor company’s stock valued at $422,373,000 after acquiring an additional 513,956 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Camtek by 38.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,302,009 shares of the semiconductor company’s stock valued at $349,008,000 after acquiring an additional 636,773 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its holdings in Camtek by 31.1% in the third quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock valued at $220,537,000 after acquiring an additional 497,918 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Camtek by 12.0% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,318,396 shares of the semiconductor company’s stock valued at $140,205,000 after acquiring an additional 140,796 shares during the last quarter. Finally, Brown Capital Management LLC boosted its holdings in Camtek by 1.2% in the third quarter. Brown Capital Management LLC now owns 1,153,943 shares of the semiconductor company’s stock valued at $121,222,000 after acquiring an additional 13,806 shares during the last quarter. Institutional investors own 41.93% of the company’s stock.

About Camtek

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high?resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.