Camtek (NASDAQ:CAMT) Hits New 1-Year High – What’s Next?

Camtek Ltd. (NASDAQ:CAMT)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $176.00 and last traded at $171.13, with a volume of 46003 shares. The stock had previously closed at $172.25.

Wall Street Analysts Forecast Growth

CAMT has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Camtek in a report on Monday, December 29th. Cantor Fitzgerald reissued a “neutral” rating and issued a $120.00 target price on shares of Camtek in a report on Tuesday, December 16th. Barclays lifted their target price on Camtek from $155.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Oppenheimer upped their target price on Camtek from $120.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Finally, Bank of America increased their price target on Camtek from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $165.92.

Camtek Stock Performance

The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.31 and a current ratio of 8.35. The stock’s fifty day moving average is $153.08 and its two-hundred day moving average is $124.30. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 176.54, a PEG ratio of 3.93 and a beta of 1.53.

Camtek (NASDAQ:CAMT) last posted its earnings results on Wednesday, February 18th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). Camtek had a net margin of 10.23% and a return on equity of 23.61%. The firm had revenue of $128.12 million for the quarter, compared to analyst estimates of $127.10 million. During the same period in the previous year, the firm earned $0.77 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camtek

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lifestyle Asset Management Inc. lifted its position in shares of Camtek by 2.5% during the 4th quarter. Lifestyle Asset Management Inc. now owns 4,764 shares of the semiconductor company’s stock valued at $507,000 after acquiring an additional 115 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Camtek by 2.8% during the 3rd quarter. Blue Trust Inc. now owns 5,877 shares of the semiconductor company’s stock worth $617,000 after acquiring an additional 161 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Camtek by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 39,576 shares of the semiconductor company’s stock worth $4,209,000 after acquiring an additional 162 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Camtek by 23.8% during the second quarter. Advisors Asset Management Inc. now owns 952 shares of the semiconductor company’s stock worth $81,000 after purchasing an additional 183 shares during the period. Finally, Daiwa Securities Group Inc. raised 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 purchasing an additional 200 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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.