Camtek (NASDAQ:CAMT) Earns Outperform Rating from Analysts at Evercore ISI

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

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

Camtek Stock Performance

Shares of CAMT stock opened at $83.51 on Tuesday. The company has a market capitalization of $3.75 billion, a P/E ratio of 51.55, a P/E/G ratio of 2.69 and a beta of 1.41. The business’s 50 day moving average is $81.05 and its two-hundred day moving average is $70.70. The company has a current ratio of 5.66, a quick ratio of 4.77 and a debt-to-equity ratio of 0.41. Camtek has a 12-month low of $24.89 and a 12-month high of $90.54.

Camtek (NASDAQ:CAMT) last issued its quarterly 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. The company had revenue of $88.70 million for the quarter, compared to the consensus estimate of $88.02 million. Camtek had a return on equity of 18.92% and a net margin of 24.93%. Camtek’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share. Analysts expect that Camtek will post 2.12 EPS for the current fiscal year.

Camtek Announces Dividend

The company also recently announced a Variable dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th will be issued a dividend of $1.33 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. Camtek’s payout ratio is currently 82.10%.

Institutional Investors Weigh In On Camtek

Several hedge funds and other institutional investors have recently made changes to their positions in CAMT. BluePath Capital Management LLC acquired a new stake in shares of Camtek in the third quarter valued at approximately $31,000. Tower Research Capital LLC TRC increased its holdings in shares of Camtek by 574.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 379 shares during the last quarter. USA Financial Formulas increased its holdings 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 valued at $50,000 after purchasing an additional 675 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Camtek in the first quarter valued at approximately $62,000. Finally, FMR LLC increased its holdings in shares of Camtek by 116.1% in the second quarter. FMR LLC now owns 3,032 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 1,629 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

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.