Cantor Fitzgerald Weighs in on Camtek FY2024 Earnings

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

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $108.51 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The company’s revenue was up 39.5% on a year-over-year basis.

Other equities analysts have also issued reports about the company. Needham & Company LLC reiterated a “buy” rating and issued a $95.00 price objective on shares of Camtek in a research note on Wednesday, November 13th. Stifel Nicolaus restated a “buy” rating and set a $105.00 price objective on shares of Camtek in a report on Thursday, December 12th. Northland Securities increased their target price 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. Barclays lowered their price target on Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $112.44.

Camtek Price Performance

Shares of Camtek stock opened at $103.62 on Thursday. Camtek has a 1-year low of $69.83 and a 1-year high of $140.50. The firm has a fifty day simple moving average of $80.58 and a 200-day simple moving average of $88.10. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 47.75, a PEG ratio of 1.41 and a beta of 1.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its stake in shares of Camtek by 49.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 5,484 shares of the semiconductor company’s stock valued at $687,000 after purchasing an additional 1,805 shares during the period. Axxcess Wealth Management LLC grew its position in Camtek by 5.0% in the second quarter. Axxcess Wealth Management LLC now owns 12,329 shares of the semiconductor company’s stock valued at $1,544,000 after acquiring an additional 586 shares during the period. Central Asset Investments & Management Holdings HK Ltd bought a new stake in Camtek in the second quarter valued at $250,000. Vanguard Personalized Indexing Management LLC raised its stake in Camtek by 14.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,851 shares of the semiconductor company’s stock worth $605,000 after acquiring an additional 613 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Camtek by 30.1% during the second quarter. Hsbc Holdings PLC now owns 5,050 shares of the semiconductor company’s stock valued at $635,000 after acquiring an additional 1,169 shares during the period. Institutional investors own 41.93% of the company’s stock.

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.