Camtek Ltd. (NASDAQ:CAMT - Get Free Report)'s stock price traded up 2.2% during trading on Thursday . The stock traded as high as $80.00 and last traded at $79.70. 22,464 shares changed hands during trading, a decline of 96% from the average session volume of 544,065 shares. The stock had previously closed at $78.01.
Several equities analysts have recently commented on the company. Northland Capmk raised Camtek from a "hold" rating to a "strong-buy" rating in a report on Monday, August 5th. B. Riley cut their target price on Camtek from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $140.00 price target on shares of Camtek in a report on Friday, August 2nd. Finally, Northland Securities raised Camtek from a "market perform" rating to an "outperform" rating and set a $99.00 price target on the stock in a report on Monday, August 5th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $116.57.
Check Out Our Latest Stock Analysis on CAMT
The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 44.51, a P/E/G ratio of 1.43 and a beta of 1.39. The stock's 50 day moving average price is $87.34 and its two-hundred day moving average price is $95.75.
Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The firm had revenue of $102.60 million during the quarter, compared to analysts' expectations of $101.26 million. During the same period in the prior year, the company posted $0.38 earnings per share. Camtek's revenue for the quarter was up 39.4% on a year-over-year basis. Analysts anticipate that Camtek Ltd. will post 2.45 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Fred Alger Management LLC bought a new stake in Camtek in the 2nd quarter valued at $8,386,000. Sei Investments Co. boosted its holdings in Camtek by 41.5% in the 1st quarter. Sei Investments Co. now owns 94,473 shares of the semiconductor company's stock valued at $7,914,000 after purchasing an additional 27,707 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Camtek by 5.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 171,810 shares of the semiconductor company's stock valued at $11,920,000 after purchasing an additional 8,368 shares during the period. Quadrature Capital Ltd bought a new stake in Camtek in the 4th quarter valued at $10,704,000. Finally, Jennison Associates LLC raised its stake in shares of Camtek by 383.1% in the 1st quarter. Jennison Associates LLC now owns 23,015 shares of the semiconductor company's stock valued at $1,928,000 after buying an additional 18,251 shares in the last quarter. 41.93% of the stock is owned by institutional investors.
Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.
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