Mackenzie Financial Corp Increases Stock Holdings in Camtek Ltd. (NASDAQ:CAMT)

Mackenzie Financial Corp raised its stake in Camtek Ltd. (NASDAQ:CAMT) by 257.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,781 shares of the semiconductor company’s stock after purchasing an additional 12,810 shares during the period. Mackenzie Financial Corp’s holdings in Camtek were worth $1,241,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Optimum Investment Advisors increased its stake in Camtek by 15.0% in the fourth quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock valued at $120,000 after purchasing an additional 225 shares during the last quarter. BluePath Capital Management LLC purchased a new position in Camtek in the third quarter valued at approximately $31,000. Van ECK Associates Corp increased its stake in Camtek by 6.8% in the third quarter. Van ECK Associates Corp now owns 8,381 shares of the semiconductor company’s stock valued at $522,000 after purchasing an additional 533 shares during the last quarter. Legato Capital Management LLC increased its stake in Camtek by 8.6% in the fourth quarter. Legato Capital Management LLC now owns 8,510 shares of the semiconductor company’s stock valued at $590,000 after purchasing an additional 675 shares during the last quarter. Finally, Truvestments Capital LLC boosted its holdings in shares of Camtek by 9.2% in the third quarter. Truvestments Capital LLC now owns 9,013 shares of the semiconductor company’s stock valued at $561,000 after acquiring an additional 761 shares during the period. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CAMT shares. Evercore ISI started coverage on Camtek in a report on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 price objective for the company. Barclays increased their price objective on Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Finally, B. Riley reissued a “buy” rating and issued a $102.00 price objective on shares of Camtek in a report on Tuesday, March 26th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.75.

Camtek Trading Up 1.0 %

Shares of CAMT stock opened at $77.46 on Thursday. 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 Ltd. has a twelve month low of $25.25 and a twelve month high of $90.54. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 48.14, a PEG ratio of 2.60 and a beta of 1.41. The firm has a 50-day moving average price of $80.84 and a 200 day moving average price of $71.27.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The firm had revenue of $88.70 million during the quarter, compared to analysts’ expectations of $88.02 million. Camtek had a return on equity of 18.92% and a net margin of 24.93%. Camtek’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS. Research analysts forecast that Camtek Ltd. will post 2.12 earnings per share 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 issued a $1.33 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. Camtek’s dividend payout ratio is presently 82.10%.

Camtek 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.