Camtek (NASDAQ:CAMT) Posts Earnings Results, Misses Estimates By $0.02 EPS

Camtek (NASDAQ:CAMT) posted its quarterly earnings data on Wednesday. The semiconductor company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.02), FiscalAI reports. Camtek had a net margin of 9.86% and a return on equity of 23.82%. The company had revenue of $128.12 million for the quarter, compared to analysts’ expectations of $127.10 million. During the same quarter last year, the business posted $0.77 EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year.

Camtek Stock Up 1.4%

Shares of NASDAQ CAMT opened at $159.20 on Wednesday. The firm has a fifty day simple moving average of $131.91 and a two-hundred day simple moving average of $112.35. Camtek has a 12 month low of $47.41 and a 12 month high of $164.21. The company has a current ratio of 7.58, a quick ratio of 6.52 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $7.26 billion, a PE ratio of 177.78, a price-to-earnings-growth ratio of 3.49 and a beta of 1.57.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CAMT. Cantor Fitzgerald restated a “neutral” rating and issued a $120.00 target price on shares of Camtek in a research report on Tuesday, December 16th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $141.00 price objective on shares of Camtek in a research note on Friday, January 9th. Evercore reiterated an “outperform” rating on shares of Camtek in a research report on Wednesday. B. Riley Financial raised their price objective on Camtek from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Camtek in a research note on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $137.17.

Institutional Trading of Camtek

Several large investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its position in shares of Camtek by 202.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. Advisory Services Network LLC bought a new position in Camtek in the third quarter worth $32,000. Global Retirement Partners LLC bought a new stake in shares of Camtek during the 4th quarter valued at $52,000. Advisors Asset Management Inc. grew its position in shares of Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after buying an additional 293 shares during the period. Finally, Jump Financial LLC bought a new position in shares of Camtek in the 4th quarter worth about $204,000. 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.