Cantor Fitzgerald Estimates Camtek FY2024 Earnings

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

Other equities analysts have also issued reports about the stock. StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. Northland Securities raised their price objective on Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $95.00 target price on shares of Camtek in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.78.

Camtek Trading Up 4.4 %

NASDAQ CAMT opened at $93.48 on Thursday. The company’s 50-day simple moving average is $79.79 and its two-hundred day simple moving average is $88.19. Camtek has a one year low of $69.83 and a one year high of $140.50. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 43.08, a price-to-earnings-growth ratio of 1.36 and a beta of 1.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28.

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

Hedge Funds Weigh In On Camtek

Several hedge funds and other institutional investors have recently modified their holdings of CAMT. Advisors Asset Management Inc. grew its position in Camtek by 78.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 145 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Camtek in the third quarter worth $53,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Camtek by 23,300.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock worth $59,000 after buying an additional 466 shares during the period. Gateway Wealth Partners LLC purchased a new stake in shares of Camtek during the second quarter valued at $220,000. Finally, Susquehanna International Group Ltd. acquired a new position in shares of Camtek in the 2nd quarter valued at $237,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

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.