Camtek (NASDAQ:CAMT) Reaches New 1-Year High – Should You Buy?

Camtek Ltd. (NASDAQ:CAMT)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $193.98 and last traded at $197.62, with a volume of 62789 shares. The stock had previously closed at $185.88.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CAMT shares. Stifel Nicolaus reiterated a “hold” rating and issued a $185.00 price target on shares of Camtek in a report on Friday, April 17th. Zacks Research upgraded Camtek from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Camtek in a report on Monday, December 29th. Wall Street Zen upgraded Camtek from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Northland Securities lowered Camtek from an “outperform” rating to a “market perform” rating and set a $150.00 price target on the stock. in a report on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Camtek presently has a consensus rating of “Moderate Buy” and an average target price of $166.75.

Camtek Trading Up 5.6%

The stock has a market capitalization of $9.00 billion, a PE ratio of 209.58, a P/E/G ratio of 4.42 and a beta of 1.56. The firm has a 50 day moving average price of $164.50 and a 200 day moving average price of $136.34. The company has a quick ratio of 7.31, a current ratio of 8.35 and a debt-to-equity ratio of 0.84.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.02). The company had revenue of $128.12 million during the quarter, compared to analysts’ expectations of $127.10 million. Camtek had a return on equity of 23.61% and a net margin of 10.23%.The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the company earned $0.77 earnings per share. Equities analysts expect that Camtek Ltd. will post 3.12 EPS for the current fiscal year.

Institutional Trading of Camtek

Institutional investors and hedge funds have recently modified their holdings of the stock. Daiwa Securities Group Inc. increased its position in shares of Camtek by 202.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 200 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Camtek during the third quarter valued at approximately $32,000. Global Retirement Partners LLC purchased a new stake in shares of Camtek during the fourth quarter valued at approximately $52,000. Rothschild Investment LLC purchased a new stake in shares of Camtek during the third quarter valued at approximately $54,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Camtek during the fourth quarter valued at approximately $63,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.