Camtek (CAMT) Stock Dips Amid Semiconductor Sector Volatility

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Nov 25, 2024
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Camtek Ltd. (CAMT, Financial) experienced a significant stock price drop of 5.06%, with its shares trading at $71.15. The trading volume reached 293,554 shares, reflecting a turnover rate of 0.65% and a price fluctuation of 4.86%.

Recent financial results revealed Camtek's revenue at $112 million, with a net profit of $32.74 million and earnings per share (EPS) of $0.71. The company's gross profit was $55.86 million, and it has a price-to-earnings (P/E) ratio of 32.64. All eight institutions covering Camtek have issued a "buy" rating, with none recommending a hold or sell.

Within the semiconductor sector, the overall decline was 0.92%. Notable performers included Smartkem, Inc., Wolfspeed, Inc., and Wisekey International Holding Ltd, which saw substantial gains. Smartkem, Inc., Sealsq Corp, and Wolfspeed, Inc. were particularly active, with turnover rates of 132.69%, 52.27%, and 15.21%, respectively. Stocks with significant volatility included Smartkem, Inc., Sealsq Corp, and Camtek, with fluctuations of 54.37%, 46.10%, and 20.94%.

Camtek Ltd. specializes in manufacturing metrology and inspection equipment and software solutions for the semiconductor industry. The company provides systems for inspecting various semiconductor wafer segments, including advanced packaging, heterogeneous integration (HI), compound semiconductors, memory, and foundries. Geographically, its largest revenue comes from China, followed by the Asia-Pacific region, South Korea, the United States, and Europe. Camtek's product offerings include surface inspection, bump inspection, and metrology services.

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.