Camtek (NASDAQ:CAMT) Issues Quarterly Earnings Results

Camtek (NASDAQ:CAMT) announced its earnings results on Tuesday. The semiconductor company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06, Briefing.com reports. The company had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The company’s revenue was up 39.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. Camtek updated its Q4 2024 guidance to EPS.

Camtek Stock Down 1.5 %

Shares of Camtek stock opened at $78.72 on Friday. The company has a market capitalization of $3.57 billion, a P/E ratio of 36.28, a price-to-earnings-growth ratio of 1.50 and a beta of 1.38. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.29. The business has a 50-day moving average of $79.43 and a two-hundred day moving average of $95.64. Camtek has a 1 year low of $59.33 and a 1 year high of $140.50.

Analysts Set New Price Targets

CAMT has been the topic of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $95.00 target price on shares of Camtek in a research report on Wednesday. Northland Securities raised their price objective on shares of Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday. Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. B. Riley reduced their price target on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, StockNews.com cut Camtek from a “hold” rating to a “sell” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Camtek presently has an average rating of “Moderate Buy” and an average target price of $110.57.

Camtek Company Profile

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.