Camtek LTD. (NASDAQ:CAMT) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 310,600 shares, a decrease of 25.0% from the September 30th total of 414,300 shares. Based on an average daily trading volume, of 122,400 shares, the short-interest ratio is currently 2.5 days. Approximately 1.4% of the company’s shares are sold short.
Hedge funds have recently modified their holdings of the stock. Optimum Investment Advisors purchased a new stake in Camtek in the third quarter worth approximately $63,000. Delphi Management Inc. MA purchased a new position in shares of Camtek during the 2nd quarter worth $110,000. Cubist Systematic Strategies LLC purchased a new position in shares of Camtek during the 2nd quarter worth $114,000. State of New Jersey Common Pension Fund D boosted its stake in shares of Camtek by 40.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 23,278 shares of the semiconductor company’s stock worth $197,000 after acquiring an additional 6,654 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of Camtek during the 2nd quarter worth $308,000. Institutional investors own 27.97% of the company’s stock.
A number of research firms recently issued reports on CAMT. Zacks Investment Research raised shares of Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub raised shares of Camtek from a “hold” rating to a “buy” rating in a research note on Monday, October 7th.
CAMT stock traded up $0.04 during trading on Friday, reaching $10.38. The company had a trading volume of 107,400 shares, compared to its average volume of 151,972. Camtek has a 52 week low of $6.29 and a 52 week high of $11.36. The business has a 50 day moving average of $10.22 and a 200 day moving average of $9.26. The company has a market cap of $374.58 million, a P/E ratio of 19.96 and a beta of 1.63.
Camtek (NASDAQ:CAMT) last issued its earnings results on Thursday, November 7th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). Camtek had a return on equity of 18.73% and a net margin of 17.28%. The company had revenue of $32.47 million during the quarter, compared to analysts’ expectations of $32.00 million. During the same quarter in the prior year, the business posted $0.16 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts forecast that Camtek will post 0.54 earnings per share for the current year.
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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