Camtek (NASDAQ:CAMT) Trading 5.8% Higher

Camtek Ltd. (NASDAQ:CAMTGet Free Report)’s share price traded up 5.8% on Monday . The stock traded as high as $120.69 and last traded at $120.24. 274,507 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 427,084 shares. The stock had previously closed at $113.60.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $110.00 price objective (up previously from $102.00) on shares of Camtek in a research note on Friday, May 10th. Evercore ISI assumed coverage on shares of Camtek in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 price objective on the stock. Needham & Company LLC upped their price objective on shares of Camtek from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Jefferies Financial Group assumed coverage on shares of Camtek in a research note on Monday, May 13th. They set a “buy” rating and a $120.00 price target on the stock. Finally, Northland Securities lowered shares of Camtek from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $98.63.

Get Our Latest Research Report on Camtek

Camtek Stock Down 1.5 %

The business’s 50 day moving average is $94.65 and its 200-day moving average is $82.44. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.08 and a current ratio of 3.66. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 67.38, a price-to-earnings-growth ratio of 2.60 and a beta of 1.37.

Camtek (NASDAQ:CAMTGet Free Report) last posted its earnings results on Thursday, May 9th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Camtek had a net margin of 25.35% and a return on equity of 20.94%. The business had revenue of $97.01 million for the quarter, compared to analyst estimates of $93.75 million. Equities analysts anticipate that Camtek Ltd. will post 2.35 EPS for the current fiscal year.

Camtek Dividend Announcement

The business also recently declared a Variable dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were issued a $1.33 dividend. The ex-dividend date was Wednesday, April 3rd. Camtek’s dividend payout ratio (DPR) is presently 75.14%.

Institutional Trading of Camtek

A number of hedge funds have recently bought and sold shares of CAMT. Tower Research Capital LLC TRC lifted its holdings in shares of Camtek by 574.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 379 shares during the period. Headlands Technologies LLC bought a new position in shares of Camtek during the 1st quarter worth about $50,000. USA Financial Formulas lifted its holdings in shares of Camtek by 1,436.2% during the 4th quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 675 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Camtek by 524.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 1,238 shares during the period. Finally, Optimum Investment Advisors lifted its holdings in shares of Camtek by 15.0% during the 4th quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock worth $120,000 after acquiring an additional 225 shares during the period. 41.93% of the stock is owned by institutional investors.

Camtek Company Profile

(Get Free Report)

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.

Featured Stories

Receive News & Ratings for Camtek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camtek and related companies with MarketBeat.com's FREE daily email newsletter.