Camtek Ltd. (NASDAQ:CAMT – Get Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $136.78, but opened at $146.35. Camtek shares last traded at $145.6220, with a volume of 96,806 shares traded.
Analysts Set New Price Targets
A number of brokerages have recently commented on CAMT. Jefferies Financial Group lifted their price target on shares of Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Evercore reiterated an “outperform” rating and set a $200.00 target price on shares of Camtek in a research note on Wednesday, May 13th. Oppenheimer lifted their price objective on Camtek from $180.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Morgan Stanley increased their target price on Camtek from $163.00 to $167.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Finally, Barclays boosted their price target on Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $174.67.
Read Our Latest Report on CAMT
Camtek Stock Down 1.7%
Camtek (NASDAQ:CAMT – Get Free Report) last released its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $120.15 million. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.79 earnings per share. As a group, equities analysts expect that Camtek Ltd. will post 3.14 earnings per share for the current year.
Institutional Trading of Camtek
A number of large investors have recently made changes to their positions in CAMT. Raiffeisen Bank International AG increased its position in Camtek by 26.3% during the fourth quarter. Raiffeisen Bank International AG now owns 120,000 shares of the semiconductor company’s stock valued at $13,032,000 after acquiring an additional 25,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Camtek by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 1,086,242 shares of the semiconductor company’s stock worth $116,615,000 after purchasing an additional 7,220 shares during the period. JPMorgan Chase & Co. grew its holdings in Camtek by 42.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,694 shares of the semiconductor company’s stock valued at $5,430,000 after purchasing an additional 15,490 shares during the last quarter. Ariose Capital Management Ltd bought a new stake in Camtek in the fourth quarter worth about $3,903,000. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management boosted its position in shares of Camtek by 35.6% during the fourth quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 42,031 shares of the semiconductor company’s stock valued at $4,470,000 after buying an additional 11,031 shares during the period. 41.93% of the stock is currently owned by institutional investors.
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.
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