Camtek (CAMT) to Release Earnings on Tuesday

Camtek (NASDAQ:CAMTGet Free Report) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Camtek (NASDAQ:CAMTGet Free Report) last posted its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. The company had revenue of $80.47 million during the quarter, compared to analyst estimates of $78.25 million. Camtek had a return on equity of 19.08% and a net margin of 25.75%. On average, analysts expect Camtek to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Camtek Price Performance

Camtek stock opened at $80.38 on Tuesday. The firm has a market capitalization of $3.58 billion, a P/E ratio of 48.72, a PEG ratio of 3.23 and a beta of 1.44. Camtek has a 1 year low of $24.81 and a 1 year high of $83.90. The business has a 50-day moving average of $71.61 and a 200-day moving average of $61.72. The company has a current ratio of 7.03, a quick ratio of 6.23 and a debt-to-equity ratio of 0.44.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CAMT. B. Riley upgraded Camtek from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $70.00 to $75.00 in a report on Wednesday, December 6th. Barclays upgraded Camtek from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $65.00 to $82.00 in a report on Tuesday, January 16th. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Finally, Needham & Company LLC lifted their target price on Camtek from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $66.14.

View Our Latest Stock Report on CAMT

Institutional Investors Weigh In On Camtek

A number of institutional investors have recently made changes to their positions in CAMT. Millennium Management LLC boosted its holdings in shares of Camtek by 104.3% during the fourth quarter. Millennium Management LLC now owns 397,423 shares of the semiconductor company’s stock worth $8,727,000 after acquiring an additional 202,935 shares during the period. Wellington Management Group LLP bought a new stake in Camtek during the first quarter worth $3,901,000. The Manufacturers Life Insurance Company increased its holdings in shares of Camtek by 521.5% during the third quarter. The Manufacturers Life Insurance Company now owns 163,442 shares of the semiconductor company’s stock worth $10,176,000 after buying an additional 137,145 shares in the last quarter. Sphera Funds Management LTD. increased its holdings in shares of Camtek by 117.7% during the first quarter. Sphera Funds Management LTD. now owns 239,494 shares of the semiconductor company’s stock worth $6,790,000 after buying an additional 129,494 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Camtek during the first quarter worth $2,656,000. Institutional investors own 30.02% of the company’s stock.

Camtek Company Profile

(Get Free Report)

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.

See Also

Earnings History for Camtek (NASDAQ:CAMT)

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