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

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

Analyst Ratings Changes

CAMT has been the topic of a number of research reports. Stifel Nicolaus restated a “hold” rating and set a $185.00 price objective on shares of Camtek in a research report on Friday, April 17th. Oppenheimer boosted their price objective on Camtek from $120.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Morgan Stanley boosted their price objective on Camtek from $151.00 to $161.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 24th. Zacks Research upgraded Camtek from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Evercore restated an “outperform” rating and set a $190.00 price objective on shares of Camtek in a research report on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $166.75.

Camtek Trading Up 0.9%

The company has a 50 day moving average of $171.11 and a 200 day moving average of $141.28. The company has a current ratio of 8.35, a quick ratio of 7.31 and a debt-to-equity ratio of 0.84. The firm has a market cap of $9.51 billion, a price-to-earnings ratio of 220.70, a price-to-earnings-growth ratio of 4.84 and a beta of 1.61.

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

Institutional Trading of Camtek

Several institutional investors have recently bought and sold shares of CAMT. Advisors Asset Management Inc. boosted its stake in Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 293 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Camtek by 12.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company’s stock valued at $8,749,000 after buying an additional 16,117 shares in the last quarter. Geode Capital Management LLC boosted its stake in Camtek by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company’s stock valued at $3,333,000 after buying an additional 279 shares in the last quarter. Cetera Investment Advisers boosted its stake in Camtek by 4.7% in the 2nd quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock valued at $409,000 after buying an additional 217 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Camtek by 8.3% in the 2nd quarter. Invesco Ltd. now owns 263,836 shares of the semiconductor company’s stock valued at $22,310,000 after buying an additional 20,237 shares in the last quarter. Institutional investors and hedge funds 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.