2 weeks Ago By ABMN Staff
Shares of Camtek Ltd. ( NASDAQ:CAMT – Get Free Report ) traded down 3.9% on Friday .
The stock traded as low as $82.24 and last traded at $82.51.
311,211 shares were traded during mid-day trading, a decline of 43% from the average session volume of 545,574 shares. The stock had previously closed at $85.90.
Analyst Upgrades and Downgrades CAMT has been the subject of a number of recent analyst reports. B. Riley reduced their price objective on Camtek from $150.
00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Northland Securities raised shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.
00 price target on the stock in a report on Monday, August 5th. Northland Capmk raised Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $140.
00 target price on shares of Camtek in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.
com, the company currently has a consensus rating of “Buy” and a consensus target price of $116.57. Read Our Latest Stock Report on CAMT Camtek Stock Performance Camtek ( NASDAQ:CAMT – Get Free Report ) last posted its earnings results on Thursday, August 1st.
The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.
02. The firm had revenue of $102.60 million for the quarter, compared to the consensus estimate of $101.
26 million. Camtek had a return on equity of 22.57% and a net margin of 25.
93%. The business’s quarterly revenue was up 39.4% on a year-over-year basis.
During the same quarter in the prior year, the business posted $0.38 earnings per share. As a group, equities analysts anticipate that Camtek Ltd.
will post 2.45 earnings per share for the current year. Institutional Inflows and Outflows Several large investors have recently added to or reduced their stakes in CAMT.
Lord Abbett & CO. LLC purchased a new stake in shares of Camtek in the first quarter worth about $55,026,000. Y.
D. More Investments Ltd lifted its stake in Camtek by 723.7% in the 2nd quarter.
Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock worth $78,709,000 after purchasing an additional 550,854 shares in the last quarter.
Zweig DiMenna Associates LLC purchased a new stake in Camtek in the 1st quarter worth approximately $13,964,000. Quadrature Capital Ltd bought a new position in Camtek in the 4th quarter valued at $10,704,000. Finally, Fred Alger Management LLC purchased a new position in shares of Camtek during the 2nd quarter valued at $8,386,000.
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. See Also 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.
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