Camtek (NASDAQ:CAMT) Shares Gap Up to $78.46

Shares of Camtek Ltd. (NASDAQ:CAMT) gapped up before the market opened on Tuesday . The stock had previously closed at $78.46, but opened at $80.34. Camtek shares last traded at $80.94, with a volume of 38,496 shares trading hands.

Analyst Ratings Changes

Several analysts recently commented on the stock. Evercore ISI assumed coverage on shares of Camtek in a research report on Tuesday. They set an “outperform” rating and a $100.00 price objective on the stock. Barclays increased their price objective on shares of Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Finally, B. Riley reissued a “buy” rating and set a $102.00 price objective 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.75.

Camtek Stock Performance

The business’s fifty day moving average price is $81.10 and its 200-day moving average price is $70.77. The company has a debt-to-equity ratio of 0.41, a quick ratio of 4.77 and a current ratio of 5.66. The stock has a market cap of $3.61 billion, a PE ratio of 49.60, a P/E/G ratio of 2.69 and a beta of 1.41.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. The firm had revenue of $88.70 million for the quarter, compared to the consensus estimate of $88.02 million. Camtek had a net margin of 24.93% and a return on equity of 18.92%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS. As a group, equities research analysts forecast that Camtek Ltd. will post 2.12 EPS for the current fiscal year.

Camtek Announces Dividend

The business also recently declared a Variable dividend, which will be paid on Thursday, April 18th. Stockholders 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 presently 82.10%.

Hedge Funds Weigh In On Camtek

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted 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 worth $31,000 after buying an additional 379 shares during the last quarter. BluePath Capital Management LLC purchased a new position in shares of Camtek in the third quarter worth approximately $31,000. USA Financial Formulas boosted 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 worth $50,000 after buying an additional 675 shares during the last quarter. Optimum Investment Advisors boosted its holdings in shares of Camtek by 15.0% in the fourth quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock worth $120,000 after buying an additional 225 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Camtek by 431.5% in the third quarter. PNC Financial Services Group Inc. now owns 1,940 shares of the semiconductor company’s stock worth $121,000 after buying an additional 1,575 shares during the last quarter. Hedge funds and other institutional investors 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.