Camtek (NASDAQ:CAMT) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Camtek (NASDAQ:CAMTGet Rating) announced its quarterly earnings data on Thursday. The semiconductor company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01, MarketWatch Earnings reports. Camtek had a net margin of 22.35% and a return on equity of 24.42%. The firm had revenue of $77.20 million for the quarter, compared to analyst estimates of $76.50 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The business’s quarterly revenue was up 34.7% compared to the same quarter last year. Camtek updated its Q2 2022 guidance to EPS.

NASDAQ:CAMT traded up $0.02 on Thursday, hitting $26.94. The stock had a trading volume of 211,547 shares, compared to its average volume of 248,551. The company has a debt-to-equity ratio of 0.66, a quick ratio of 5.14 and a current ratio of 5.80. The stock has a market cap of $1.18 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 2.96 and a beta of 1.51. Camtek has a 1 year low of $25.85 and a 1 year high of $49.60. The firm’s fifty day simple moving average is $30.71 and its two-hundred day simple moving average is $37.22.

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in Camtek by 13.1% in the 2nd quarter. Bank of America Corp DE now owns 2,772 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 322 shares during the period. Northern Trust Corp purchased a new position in Camtek in the 4th quarter worth $199,000. State Street Corp bought a new stake in Camtek in the 4th quarter worth $225,000. Schonfeld Strategic Advisors LLC bought a new stake in Camtek in the 4th quarter worth $304,000. Finally, JPMorgan Chase & Co. grew its holdings in Camtek by 17.8% in the 4th quarter. JPMorgan Chase & Co. now owns 34,130 shares of the semiconductor company’s stock worth $1,572,000 after acquiring an additional 5,163 shares during the last quarter. 36.87% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on CAMT shares. Barclays lowered their target price on shares of Camtek from $50.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Zacks Investment Research upgraded shares of Camtek from a “sell” rating to a “hold” rating and set a $40.00 target price on the stock in a report on Thursday, February 17th. B. Riley lowered their target price on shares of Camtek from $50.00 to $45.00 in a report on Tuesday, April 12th. StockNews.com lowered shares of Camtek from a “buy” rating to a “hold” rating in a report on Thursday, March 24th. Finally, Bank of America assumed coverage on shares of Camtek in a research note on Tuesday, January 25th. They issued a “buy” rating and a $43.00 price objective for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $43.60.

Camtek Company Profile (Get Rating)

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry.

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Earnings History for Camtek (NASDAQ:CAMT)

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