Camtek (CAMT) Stock Slides as Market Rises: Facts to Know Before You Trade
The latest trading day saw Camtek (CAMT) settling at $119.27, representing a -1.48% change from its previous close.
Here's Why Camtek (CAMT) Gained But Lagged the Market Today
Camtek (CAMT) closed at $101.85 in the latest trading session, marking a +0.09% move from the prior day.
Best Momentum Stocks to Buy for June 4th
CAMT, HAE and NMM made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 4, 2023.
Wall Street Analysts See Camtek (CAMT) as a Buy: Should You Invest?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Best Momentum Stocks to Buy for May 23rd
CAMT, SM and CRGY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 23, 2024.
New Strong Buy Stocks for May 23rd
IVR, CAMT, CRGY, CMRE and SM have been added to the Zacks Rank #1 (Strong Buy) List on May 23, 2024.
Earnings Estimates Rising for Camtek (CAMT): Will It Gain?
Camtek (CAMT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Camtek Ltd. (NASDAQ:CAMT) Stake Lowered by Swiss National Bank
Swiss National Bank cut its stake in Camtek Ltd. (NASDAQ:CAMT – Free Report) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,537 shares of the semiconductor company’s stock after selling 6,593 shares during the quarter. Swiss National Bank owned approximately 0.13% of Camtek worth $4,053,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors have also recently bought and sold shares of the company. Optimum Investment Advisors lifted its holdings in shares of Camtek by 15.0% during the 4th quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock valued at $120,000 after buying an additional 225 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Camtek by 431.5% in the third quarter. PNC Financial Services Group Inc. now owns 1,940 shares of the semiconductor company’s stock worth $121,000 after acquiring an additional 1,575 shares in the last quarter. C M Bidwell & Associates Ltd. increased its stake in shares of Camtek by 3,062.2% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,846 shares of the semiconductor company’s stock worth $177,000 after purchasing an additional 2,756 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Camtek during the 3rd quarter valued at $207,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Camtek in the 3rd quarter valued at $267,000. Institutional investors and hedge funds own 41.93% of the company’s stock. Camtek Price Performance Shares of NASDAQ:CAMT opened at $97.10 on Monday. The firm has a market capitalization of $4.36 billion, a PE ratio of 54.86, a PEG ratio of 3.22 and a beta of 1.39. The company has a current ratio of 3.66, a quick ratio of 3.08 and a debt-to-equity ratio of 0.44. Camtek Ltd. has a 1-year low of $27.14 and a 1-year high of $100.95. The business’s 50 day moving average is $82.62 and its 200-day moving average is $75.25. Camtek (NASDAQ:CAMT – Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The firm had revenue of $88.70 million for the quarter, compared to the consensus estimate of $88.02 million. Camtek had a net margin of 25.35% and a return on equity of 20.94%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 earnings per share. Sell-side analysts predict that Camtek Ltd. will post 2.19 earnings per share for the current year. Camtek Announces Dividend The business also recently disclosed a Variable dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were issued a dividend of $1.33 per share. The ex-dividend date was Wednesday, April 3rd. Camtek’s payout ratio is 75.14%. Analyst Upgrades and Downgrades Several equities analysts have weighed in on the company. Needham & Company LLC raised their target price on Camtek from $92.00 to $106.00 and gave the company a “buy” rating in a report on Friday, May 10th. Northland Capmk lowered Camtek from a “strong-buy” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group began coverage on Camtek in a report on Monday, May 13th. They set a “buy” rating and a $120.00 price target on the stock. B. Riley reaffirmed a “buy” rating and set a $110.00 price objective (up from $102.00) on shares of Camtek in a report on Friday, May 10th. Finally, Northland Securities lowered Camtek from an “outperform” rating to a “market perform” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.50. Read Our Latest Stock Report on CAMT Camtek Profile (Free Report) 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. 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Camtek (CAMT) Moves to Strong Buy: Rationale Behind the Upgrade
Camtek (CAMT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Is Camtek (CAMT) Stock Outpacing Its Computer and Technology Peers This Year?
Here is how Camtek (CAMT) and ASM International NV (ASMIY) have performed compared to their sector so far this year.
