What’s Ahead for Camtek Ltd. (CAMT) After Today’s Big Increase?

March 14, 2018 - By Migdalia James

The stock of Camtek Ltd. (NASDAQ:CAMT) is a huge mover today! The stock increased 4.79% or $0.32 during the last trading session, reaching $7. About 155,410 shares traded or 27.84% up from the average. Camtek Ltd. (NASDAQ:CAMT) has risen 166.84% since March 14, 2017 and is uptrending. It has outperformed by 150.14% the S&P500.
The move comes after 8 months positive chart setup for the $250.83M company. It was reported on Mar, 14 by Barchart.com. We have $7.42 PT which if reached, will make NASDAQ:CAMT worth $15.05M more.

Analysts await Camtek Ltd. (NASDAQ:CAMT) to report earnings on May, 8. They expect $0.11 earnings per share, up 22.22 % or $0.02 from last year’s $0.09 per share. CAMT’s profit will be $3.94M for 15.91 P/E if the $0.11 EPS becomes a reality. After $0.09 actual earnings per share reported by Camtek Ltd. for the previous quarter, Wall Street now forecasts 22.22 % EPS growth.

Camtek Ltd. (NASDAQ:CAMT) Ratings Coverage

Among 5 analysts covering Camtek Ltd (NASDAQ:CAMT), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Camtek Ltd had 15 analyst reports since July 27, 2015 according to SRatingsIntel. The company was upgraded on Friday, September 4 by Zacks. Zacks upgraded the stock to “Hold” rating in Thursday, August 6 report. The company was maintained on Wednesday, November 8 by B. Riley & Co. The company was downgraded on Tuesday, June 27 by Needham. The firm has “Buy” rating given on Wednesday, February 7 by Needham. The stock of Camtek Ltd. (NASDAQ:CAMT) has “Buy” rating given on Tuesday, October 3 by Needham. The rating was maintained by Needham with “Buy” on Friday, July 22. The stock has “Buy” rating by B. Riley & Co on Friday, July 21. The firm has “Hold” rating by Needham given on Monday, September 18. The stock of Camtek Ltd. (NASDAQ:CAMT) has “Buy” rating given on Friday, February 12 by Needham.

More notable recent Camtek Ltd. (NASDAQ:CAMT) news were published by: Seekingalpha.com which released: “Camtek: Why We Sold Our PCB Activity” on July 20, 2017, also Fool.com with their article: “Why Camtek Ltd.’s Stock Fell Sharply on Tuesday” published on June 27, 2017, Nasdaq.com published: “Camtek Ltd. (CAMT) Ex-Dividend Date Scheduled for November 21, 2017” on November 20, 2017. More interesting news about Camtek Ltd. (NASDAQ:CAMT) were released by: Streetinsider.com and their article: “Camtek Ltd (CAMT) Reports Multiple Systems Order from Chinese Manufacturer for …” published on March 14, 2018 as well as Prnewswire.com‘s news article titled: “Camtek Launches a New Eagle Model for Post Dicing Inspection” with publication date: January 30, 2018.

Camtek Ltd. designs, develops, manufactures, and markets automated optical inspection systems for semiconductor wafers, integrated circuit substrates, and printed circuit boards (PCBs) in Israel. The company has market cap of $250.83 million. It operates in two divisions, Microelectronics and PCB. It has a 17.77 P/E ratio. The companyÂ’s AOI systems are computerized systems that optically inspect various types of electronic product components for defect caused during the manufacturing process, as well as used to enhance production processes and yields for manufacturers in the semiconductor fabrication and PCB industries.

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