Camtek (NASDAQ:CAMT) Posts Quarterly Earnings Results

Camtek (NASDAQ:CAMT) posted its quarterly earnings results on Tuesday. The semiconductor company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06, Briefing.com reports. Camtek had a return on equity of 24.84% and a net margin of 26.53%. The company had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. During the same quarter in the prior year, the business posted $0.46 EPS. The firm’s quarterly revenue was up 39.5% on a year-over-year basis. Camtek updated its Q4 2024 guidance to EPS.

Camtek Stock Down 5.2 %

NASDAQ CAMT traded down $4.44 on Wednesday, reaching $80.32. The company had a trading volume of 457,339 shares, compared to its average volume of 540,085. The company’s fifty day moving average is $79.51 and its 200-day moving average is $95.75. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 37.51, a price-to-earnings-growth ratio of 1.70 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21. 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 several analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $95.00 target price on shares of Camtek in a research note on Wednesday. B. Riley cut their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Northland Securities upped their target price on shares of Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, StockNews.com cut shares of Camtek from a “hold” rating to a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Camtek currently has a consensus rating of “Moderate Buy” and an average price target of $110.57.

About Camtek

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.