Camtek (NASDAQ:CAMT) Now Covered by Evercore ISI

Evercore ISI initiated coverage on shares of Camtek (NASDAQ:CAMT) in a research report released on Tuesday, Marketbeat.com reports. The firm issued an outperform rating and a $100.00 price target on the semiconductor company’s stock.

Other equities analysts have also recently issued research reports about the stock. B. Riley reissued a buy rating and issued a $102.00 price target on shares of Camtek in a research note on Tuesday, March 26th. Barclays boosted their price target on shares of Camtek from $82.00 to $90.00 and gave the stock an overweight rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $74.75.

Camtek Trading Down 5.7 %

Shares of Camtek stock opened at $74.68 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 4.77. Camtek has a 1 year low of $25.25 and a 1 year high of $90.54. The firm has a market cap of $3.35 billion, a PE ratio of 46.10, a PEG ratio of 2.76 and a beta of 1.41. The company has a 50 day simple moving average of $80.96 and a two-hundred day simple moving average of $70.92.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. Camtek had a net margin of 24.93% and a return on equity of 18.92%. The business had revenue of $88.70 million during the quarter, compared to analysts’ expectations of $88.02 million. During the same quarter in the previous year, the company earned $0.45 EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Analysts expect that Camtek will post 2.12 earnings per share for the current fiscal year.

Camtek Dividend Announcement

The firm also recently disclosed a Variable dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were paid a $1.33 dividend. The ex-dividend date was Wednesday, April 3rd. Camtek’s dividend payout ratio (DPR) is 82.10%.

Institutional Investors Weigh In On Camtek

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in Camtek by 574.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 379 shares during the last quarter. BluePath Capital Management LLC bought a new stake in Camtek during the 3rd quarter valued at $31,000. USA Financial Formulas raised its holdings in Camtek by 1,436.2% during the 4th quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 675 shares during the last quarter. Optimum Investment Advisors raised its holdings in Camtek by 15.0% in the 4th quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 225 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Camtek by 431.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,940 shares of the semiconductor company’s stock worth $121,000 after purchasing an additional 1,575 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors.

Camtek Company Profile

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.