Camtek (NASDAQ:CAMT) Shares Gap Down to $100.39

Camtek Ltd. (NASDAQ:CAMTGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $100.39, but opened at $97.48. Camtek shares last traded at $97.66, with a volume of 169,493 shares trading hands.

Wall Street Analyst Weigh In

CAMT has been the subject of a number of research reports. Evercore ISI assumed coverage on shares of Camtek in a report on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 target price for the company. Needham & Company LLC increased their price objective on Camtek from $92.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Jefferies Financial Group started coverage on Camtek in a report on Monday, May 13th. They set a “buy” rating and a $120.00 price target for the company. Northland Capmk cut shares of Camtek from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, Barclays raised their target price on shares of Camtek from $90.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.50.

Check Out Our Latest Stock Report on CAMT

Camtek Stock Performance

The company has a quick ratio of 3.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 54.86, a PEG ratio of 3.24 and a beta of 1.39. The stock has a fifty day moving average price of $82.62 and a two-hundred day moving average price of $74.94.

Camtek (NASDAQ:CAMTGet Free Report) last announced its earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. Camtek had a net margin of 25.35% and a return on equity of 20.94%. The firm had revenue of $88.70 million for the quarter, compared to analyst estimates of $88.02 million. During the same quarter last year, the business earned $0.45 earnings per share. Camtek’s revenue was up 7.9% compared to the same quarter last year. As a group, analysts forecast that Camtek Ltd. will post 2.19 EPS for the current fiscal year.

Camtek Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CAMT. Tower Research Capital LLC TRC raised its holdings in shares of Camtek by 574.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 379 shares during the period. Headlands Technologies LLC acquired a new position in Camtek during the first quarter valued at approximately $50,000. USA Financial Formulas increased its position in shares of Camtek by 1,436.2% in the fourth quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 675 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Camtek by 524.6% in the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $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 valued at $120,000 after acquiring an additional 225 shares in the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

About Camtek

(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.

Further Reading

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