Cantor Fitzgerald Weighs in on Camtek FY2024 Earnings

Camtek Ltd. (NASDAQ:CAMT) – Equities research analysts at Cantor Fitzgerald issued their FY2024 earnings estimates for shares of Camtek in a research report issued to clients and investors on Monday, January 13th. Cantor Fitzgerald analyst M. Prisco anticipates that the semiconductor company will post earnings per share of $2.54 for the year. Cantor Fitzgerald has a “Neutral” rating and a $100.00 price objective on the stock. The consensus estimate for Camtek’s current full-year earnings is $2.53 per share.

Camtek (NASDAQ:CAMT) last issued its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $112.30 million during the quarter, compared to analyst estimates of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. Camtek’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share.

CAMT has been the subject of several other research reports. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Needham & Company LLC restated a “buy” rating and issued a $95.00 price target on shares of Camtek in a research report on Wednesday, November 13th. Northland Securities upped their price target on shares of Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price objective on shares of Camtek in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.78.

Camtek Trading Up 4.4 %

Shares of Camtek stock opened at $93.48 on Thursday. Camtek has a twelve month low of $69.83 and a twelve month high of $140.50. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $79.79 and a 200-day moving average price of $88.19. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 43.08, a PEG ratio of 1.36 and a beta of 1.33.

Institutional Trading of Camtek

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its position in shares of Camtek by 78.8% during the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 145 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Camtek by 23,300.0% during 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 period. Wilmington Savings Fund Society FSB bought a new position in Camtek in the 3rd quarter valued at $53,000. Gateway Wealth Partners LLC bought a new position in Camtek in the 2nd quarter valued at $220,000. Finally, Susquehanna International Group Ltd. purchased a new stake in Camtek in the second quarter worth $237,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

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.