Camtek (NASDAQ:CAMT) Releases Earnings Results, Beats Expectations By $0.02 EPS

Camtek (NASDAQ:CAMT) released its earnings results on Monday. The semiconductor company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02, FiscalAI reports. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The firm had revenue of $133.24 million during the quarter, compared to the consensus estimate of $130.19 million.

Camtek Stock Performance

NASDAQ CAMT opened at $155.35 on Monday. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 178.57, a PEG ratio of 3.73 and a beta of 1.58. Camtek has a twelve month low of $75.75 and a twelve month high of $215.99. The company has a current ratio of 8.35, a quick ratio of 7.46 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average of $159.00 and a 200 day moving average of $163.07.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CAMT. Voloridge Investment Management LLC acquired a new stake in Camtek in the 4th quarter valued at $603,000. Sphera Funds Management LTD. raised its position in Camtek by 36.0% during the fourth quarter. Sphera Funds Management LTD. now owns 39,498 shares of the semiconductor company’s stock worth $4,200,000 after acquiring an additional 10,450 shares during the period. Engineers Gate Manager LP raised its position in Camtek by 220.9% during the fourth quarter. Engineers Gate Manager LP now owns 6,454 shares of the semiconductor company’s stock worth $686,000 after acquiring an additional 4,443 shares during the period. Boothbay Fund Management LLC lifted its holdings in Camtek by 126.1% during the fourth quarter. Boothbay Fund Management LLC now owns 11,852 shares of the semiconductor company’s stock valued at $1,260,000 after purchasing an additional 6,611 shares in the last quarter. Finally, EFG International AG acquired a new stake in shares of Camtek in the fourth quarter valued at about $4,092,000. 41.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CAMT shares. Northland Securities set a $174.00 price objective on shares of Camtek in a report on Wednesday, May 13th. Oppenheimer raised their target price on shares of Camtek from $180.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Barclays boosted their target price on shares of Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. B. Riley Financial reaffirmed a “buy” rating on shares of Camtek in a report on Monday, April 20th. Finally, Jefferies Financial Group lifted their price objective on Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $174.67.

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.