Evercore ISI Begins Coverage on Camtek (NASDAQ:CAMT)

Evercore ISI initiated coverage on shares of Camtek (NASDAQ:CAMT) in a research note released on Tuesday morning, MarketBeat reports. The firm issued an outperform rating and a $100.00 price target on the semiconductor company’s stock.

CAMT has been the subject of a number of other reports. 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. Barclays upped their price target on Camtek from $82.00 to $90.00 and gave the company an overweight rating in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Camtek currently has a consensus rating of Moderate Buy and a consensus price target of $74.75.

Camtek Stock Down 1.5 %

Shares of NASDAQ:CAMT opened at $79.17 on Tuesday. Camtek has a 1 year low of $24.89 and a 1 year high of $90.54. The firm has a market capitalization of $3.55 billion, a PE ratio of 48.87, a price-to-earnings-growth ratio of 2.86 and a beta of 1.41. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 4.77. The firm’s 50-day moving average is $81.10 and its two-hundred day moving average is $70.83.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. Camtek had a return on equity of 18.92% and a net margin of 24.93%. The business had revenue of $88.70 million during the quarter, compared to the consensus estimate of $88.02 million. During the same period in the previous year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts predict that Camtek will post 2.12 EPS for the current year.

Camtek Dividend Announcement

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

Institutional Investors Weigh In On Camtek

Several large investors have recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd boosted its holdings 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 acquiring an additional 64,484 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Camtek by 3.7% in 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. boosted its holdings in shares of Camtek by 8.9% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 834,265 shares of the semiconductor company’s stock valued at $51,941,000 after acquiring an additional 68,102 shares during the period. Federated Hermes Inc. raised its stake in shares of Camtek by 9.7% during the fourth quarter. Federated Hermes Inc. now owns 762,649 shares of the semiconductor company’s stock worth $52,913,000 after purchasing an additional 67,649 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Camtek by 7.8% during the first quarter. Invesco Ltd. now owns 610,164 shares of the semiconductor company’s stock worth $18,585,000 after purchasing an additional 44,158 shares during the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

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.