Shares of Camtek LTD. (NASDAQ:CAMT) reached a new 52-week high and low during trading on Tuesday . The stock traded as low as $8.74 and last traded at $8.69, with a volume of 1610 shares trading hands. The stock had previously closed at $8.58.
Several analysts have recently commented on CAMT shares. Northland Securities started coverage on shares of Camtek in a report on Monday, April 9th. They issued an “outperform” rating and a $10.00 price objective on the stock. BidaskClub raised shares of Camtek from a “buy” rating to a “strong-buy” rating in a report on Friday, May 11th. Zacks Investment Research raised shares of Camtek from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a report on Friday, May 4th. Finally, ValuEngine raised shares of Camtek from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 9th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $8.50.
The firm has a market capitalization of $309.26 million, a PE ratio of 32.00 and a beta of 1.15.
Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Wednesday, May 2nd. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. Camtek had a net margin of 14.25% and a return on equity of 16.69%. The firm had revenue of $27.30 million for the quarter, compared to the consensus estimate of $26.60 million. During the same period in the prior year, the firm posted $0.04 earnings per share. The firm’s quarterly revenue was up 29.4% compared to the same quarter last year. sell-side analysts expect that Camtek LTD. will post 0.49 EPS for the current fiscal year.
The company also recently declared a Not Available dividend, which was paid on Tuesday, May 29th. Investors of record on Wednesday, May 16th were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, May 15th. Camtek’s dividend payout ratio (DPR) is presently 107.69%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. ARK Investment Management LLC purchased a new stake in Camtek during the fourth quarter worth $259,000. Two Sigma Investments LP purchased a new position in Camtek during the fourth quarter valued at $388,000. Deutsche Bank AG purchased a new position in Camtek during the fourth quarter valued at $485,000. Meitav Dash Investments Ltd. purchased a new position in Camtek during the fourth quarter valued at $2,041,000. Finally, Renaissance Technologies LLC lifted its holdings in Camtek by 8.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,213,960 shares of the semiconductor company’s stock valued at $6,944,000 after purchasing an additional 90,260 shares in the last quarter. 20.71% of the stock is currently owned by hedge funds and other institutional investors.
Camtek Company Profile
Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.
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