Cantor Fitzgerald Predicts Camtek FY2024 Earnings

Camtek Ltd. (NASDAQ:CAMT) – 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 forecasts that the semiconductor company will post earnings of $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 quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 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 business had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. During the same period in the previous year, the company posted $0.46 earnings per share. The business’s revenue for the quarter was up 39.5% on a year-over-year basis.

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

Camtek Stock Performance

Shares of Camtek stock opened at $98.94 on Thursday. Camtek has a one year low of $69.83 and a one year high of $140.50. The company has a market cap of $4.49 billion, a PE ratio of 45.59, a P/E/G ratio of 1.41 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. The business has a 50-day simple moving average of $80.12 and a 200-day simple moving average of $88.27.

Institutional Investors Weigh In On Camtek

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its stake in Camtek by 4.6% in the third quarter. Tidal Investments LLC now owns 20,914 shares of the semiconductor company’s stock valued at $1,670,000 after buying an additional 914 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Camtek in the third quarter valued at approximately $53,000. Virtu Financial LLC lifted its stake in Camtek by 104.7% in the third quarter. Virtu Financial LLC now owns 8,302 shares of the semiconductor company’s stock valued at $663,000 after buying an additional 4,247 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Camtek in the third quarter valued at approximately $6,481,000. Finally, Y Intercept Hong Kong Ltd lifted its stake in Camtek by 407.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 9,234 shares of the semiconductor company’s stock valued at $737,000 after buying an additional 7,414 shares during the last quarter. Hedge funds and other institutional investors own 41.93% of the company’s stock.

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.