Camtek Ltd. (NASDAQ:CAMT – Get Free Report)’s share price traded down 9.6% during mid-day trading on Monday . The company traded as low as $151.91 and last traded at $152.2060. 783,185 shares changed hands during mid-day trading, an increase of 53% from the average session volume of 512,396 shares. The stock had previously closed at $168.35.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Needham & Company LLC increased their target price on shares of Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. B. Riley Financial reissued a “buy” rating on shares of Camtek in a research note on Monday, April 20th. Zacks Research raised shares of Camtek from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Evercore reissued an “outperform” rating and set a $200.00 price objective on shares of Camtek in a research note on Wednesday, May 13th. Finally, Oppenheimer raised their price objective on shares of Camtek from $180.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $174.33.
Read Our Latest Stock Analysis on Camtek
Camtek Stock Performance
Camtek (NASDAQ:CAMT – Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The company had revenue of $121.66 million for the quarter, compared to analyst estimates of $120.15 million. Camtek had a net margin of 9.63% and a return on equity of 22.26%. Camtek’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned $0.79 EPS. Analysts anticipate that Camtek Ltd. will post 3.13 EPS for the current fiscal year.
Hedge Funds Weigh In On Camtek
Hedge funds have recently made changes to their positions in the stock. Daiwa Securities Group Inc. lifted its holdings in shares of Camtek by 202.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 200 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Camtek during the 3rd quarter valued at $32,000. Fifth Third Bancorp acquired a new position in shares of Camtek during the 1st quarter valued at $42,000. Advisors Asset Management Inc. lifted its holdings in shares of Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 293 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Camtek during the 4th quarter valued at $52,000. Institutional investors and hedge funds own 41.93% of the company’s stock.
Camtek Company Profile
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 highâresolution 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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