Camtek (NASDAQ:CAMT) Hits New 1-Year High at $94.80

Camtek Ltd. (NASDAQ:CAMT)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $94.80 and last traded at $93.24, with a volume of 282042 shares traded. The stock had previously closed at $84.37.

Analyst Upgrades and Downgrades

CAMT has been the topic of a number of research reports. Evercore ISI initiated coverage on Camtek in a research note on Tuesday, April 16th. They set an “outperform” rating and a $100.00 price target on the stock. Barclays lifted their target price on Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Finally, B. Riley reiterated a “buy” rating and issued a $102.00 target price on shares of Camtek in a research note on Tuesday, March 26th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.75.

Camtek Stock Up 7.4 %

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 firm has a fifty day moving average price of $80.69 and a 200 day moving average price of $72.96. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 58.31, a PEG ratio of 2.86 and a beta of 1.39.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, sell-side analysts expect that Camtek Ltd. will post 2.12 EPS for the current fiscal year.

Camtek Announces Dividend

The company also recently disclosed a Variable dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were issued a dividend of $1.33 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. Camtek’s dividend payout ratio is presently 82.10%.

Hedge Funds Weigh In On Camtek

Hedge funds have recently bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Camtek by 6.0% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,131,671 shares of the semiconductor company’s stock valued at $78,523,000 after purchasing an additional 64,484 shares during the period. Vanguard Group Inc. grew its position in Camtek by 3.7% during the third quarter. Vanguard Group Inc. now owns 937,408 shares of the semiconductor company’s stock valued at $58,363,000 after acquiring an additional 33,820 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in Camtek by 5.7% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 882,165 shares of the semiconductor company’s stock valued at $73,899,000 after acquiring an additional 47,900 shares during the period. Federated Hermes Inc. grew its position in Camtek by 9.7% during the fourth quarter. Federated Hermes Inc. now owns 762,649 shares of the semiconductor company’s stock valued at $52,913,000 after acquiring an additional 67,649 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Camtek during the third quarter valued at about $21,162,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

About Camtek

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.