Shares of Camtek Ltd. (NASDAQ:CAMT – Get Free Report) fell 9.9% during trading on Tuesday . The stock traded as low as $173.61 and last traded at $176.3820. Approximately 102,531 shares were traded during trading, a decline of 79% from the average daily volume of 500,075 shares. The stock had previously closed at $195.72.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Barclays increased their target price on Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Weiss Ratings raised shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 14th. Northland Securities set a $174.00 target price on shares of Camtek in a research report on Wednesday, May 13th. Finally, Needham & Company LLC lifted their price target on Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $174.33.
View Our Latest Research Report on CAMT
Camtek Trading Down 11.6%
Camtek (NASDAQ:CAMT – Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 9.63% and a return on equity of 22.26%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 EPS. As a group, sell-side analysts forecast that Camtek Ltd. will post 3.14 EPS for the current year.
Institutional Investors Weigh In On Camtek
A number of institutional investors and hedge funds have recently modified their holdings of CAMT. Daiwa Securities Group Inc. increased its position in shares of Camtek by 202.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 200 shares during the period. Advisory Services Network LLC bought a new position in Camtek in the third quarter worth approximately $32,000. Fifth Third Bancorp bought a new position in Camtek in the first quarter worth approximately $42,000. EverSource Wealth Advisors LLC increased its holdings in Camtek by 46.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 95 shares during the period. Finally, Advisors Asset Management Inc. raised its position in 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 purchasing an additional 293 shares in the last quarter. 41.93% of the stock is owned by institutional investors.
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 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.
Read More
- Five stocks we like better than Camtek
- Amazon’s Pullback Deepens as a New FTC Risk Hits the Stock
- The Biotech Sector Looks Ready for a Multi-Year Breakout—Here’s What to Watch.
- How Intel Is Packaging the Future of American Chips
- These AI Stocks Have Insider Selling, But Buyers Still Have a Reason to Stay
Receive News & Ratings for Camtek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camtek and related companies with MarketBeat.com's FREE daily email newsletter.
