Camtek (NASDAQ:CAMT) Sets New 52-Week High – Should You Buy?
by Sarita Garza · The Markets DailyCamtek Ltd. (NASDAQ:CAMT – Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $181.99 and last traded at $178.1040, with a volume of 3747 shares changing hands. The stock had previously closed at $176.51.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $185.00 price objective on shares of Camtek in a research report on Wednesday, February 18th. Stifel Nicolaus raised their target price on shares of Camtek from $120.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Barclays upped their price target on Camtek from $155.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Camtek in a research report on Monday, December 29th. Finally, Northland Securities cut Camtek from an “outperform” rating to a “market perform” rating and set a $150.00 target price for the company. in a report on Wednesday, February 18th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $166.75.
Get Our Latest Stock Analysis on Camtek
Camtek Stock Performance
The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 187.88, a P/E/G ratio of 4.00 and a beta of 1.56. 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 50-day moving average price is $158.24 and its 200-day moving average price is $131.52.
Camtek (NASDAQ:CAMT – Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). The company had revenue of $128.12 million for 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%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 EPS. As a group, equities research analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current year.
Hedge Funds Weigh In On Camtek
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Camtek in the 3rd quarter worth approximately $1,503,000. Brown Capital Management LLC grew its holdings in shares of Camtek by 1.2% during the 3rd quarter. Brown Capital Management LLC now owns 1,153,943 shares of the semiconductor company’s stock worth $121,222,000 after purchasing an additional 13,806 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Camtek by 1.5% in the third quarter. Vanguard Group Inc. now owns 1,079,022 shares of the semiconductor company’s stock valued at $113,454,000 after purchasing an additional 15,432 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Camtek by 42.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,694 shares of the semiconductor company’s stock valued at $5,430,000 after buying an additional 15,490 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Camtek by 31.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 32,056 shares of the semiconductor company’s stock valued at $3,367,000 after acquiring an additional 7,646 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.