2 weeks Ago By ABMN Staff
Camtek Ltd. ( NASDAQ:CAMT – Get Free Report ) has been given an average recommendation of “Buy” by the eight ratings firms that are presently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company.
The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $116.57. A number of research firms recently commented on CAMT.
Northland Securities upgraded Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price objective for the company in a research report on Monday, August 5th. B.
Riley reduced their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, August 2nd.
Needham & Company LLC reissued a “buy” rating and issued a $140.00 price objective on shares of Camtek in a report on Friday, August 2nd. Finally, Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th.
Check Out Our Latest Stock Analysis on CAMT Camtek Trading Down 3.8 % Camtek ( NASDAQ:CAMT – Get Free Report ) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.
66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02.
Camtek had a net margin of 25.93% and a return on equity of 22.57%.
The firm had revenue of $102.60 million for the quarter, compared to the consensus estimate of $101.26 million.
During the same quarter last year, the firm posted $0.38 EPS. The business’s quarterly revenue was up 39.
4% compared to the same quarter last year. Sell-side analysts expect that Camtek will post 2.45 earnings per share for the current year.
Institutional Trading of Camtek Several institutional investors and hedge funds have recently added to or reduced their stakes in CAMT. Maven Securities LTD purchased a new stake in Camtek during the 2nd quarter valued at approximately $241,000. Gateway Wealth Partners LLC purchased a new position in Camtek during the second quarter valued at $220,000.
Northwestern Mutual Wealth Management Co. increased its holdings in Camtek by 23,300.0% in the 2nd quarter.
Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 466 shares during the last quarter. Susquehanna International Group Ltd.
purchased a new stake in Camtek in the 2nd quarter worth $237,000. Finally, Scientech Research LLC bought a new position in shares of Camtek during the 2nd quarter valued at about $1,188,000. Institutional investors own 41.
93% of the company’s stock. About Camtek ( Get Free Report Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry.
The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications. Read More Receive News & Ratings for Camtek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camtek and related companies with MarketBeat.com's FREE daily email newsletter .
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