CAMT Stock Dips 5.07% Amid Volatile Semiconductor Market

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Nov 13, 2024
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Recently, shares of Camtek Ltd. (CAMT, Financial) experienced a significant decline of 5.07%, with the stock price dropping to $80.46. The trading volume reached 415,300 shares, indicating a turnover rate of 0.92% and a price fluctuation amplitude of 7.24%.

According to recent financial reports, Camtek reported a revenue of $112 million and a net profit of $32.74 million, resulting in earnings per share of $0.71. The company's gross profit was $55.86 million, with a price-to-earnings (P/E) ratio of 36.57. All eight rating institutions unanimously recommended buying the stock, with no analysts advising holding or selling.

Within the semiconductor sector, where Camtek is a participant, the overall decline was 1.00%. Despite the sector's downturn, stocks such as American Pixels and Tower Semiconductor showed significant gains. Meanwhile, stocks like Peraso Inc. and Sealsq Corp. displayed higher turnover rates of 7.99% and 6.93% respectively, with Peraso Inc. exhibiting a notable price fluctuation amplitude of 40.65%.

Camtek Ltd. specializes in metrology and inspection equipment, as well as software solutions for the semiconductor industry. The company's systems inspect semiconductor wafer markets, including advanced packaging, heterogeneous integration, compound semiconductors, memory, and foundries. China is the largest market for Camtek’s sales, followed by the Asia-Pacific region, South Korea, the United States, and Europe. The company's offerings include surface inspection and metrology solutions.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.