Camtek (NASDAQ:CAMT) Shares Gap Up to $78.46

Camtek Ltd. (NASDAQ:CAMT) gapped up prior to trading on Tuesday . The stock had previously closed at $78.46, but opened at $80.34. Camtek shares last traded at $80.94, with a volume of 38,496 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CAMT. B. Riley reissued a “buy” rating and issued a $102.00 target price on shares of Camtek in a research note on Tuesday, March 26th. Barclays upped their target price on shares of Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Finally, Evercore ISI began coverage on Camtek in a report on Tuesday. They set an “outperform” rating and a $100.00 price target for the company. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Camtek presently has an average rating of “Moderate Buy” and an average price target of $74.75.

Camtek Stock Performance

The stock has a 50-day simple moving average of $80.94 and a 200-day simple moving average of $70.55. The stock has a market cap of $3.73 billion, a P/E ratio of 51.37, a PEG ratio of 2.69 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.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.04. Camtek had a return on equity of 18.92% and a net margin of 24.93%. The company had revenue of $88.70 million during the quarter, compared to the consensus estimate of $88.02 million. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. Research analysts forecast that Camtek Ltd. will post 2.12 earnings per share for the current year.

Camtek Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Optimum Investment Advisors increased its holdings in shares of Camtek by 15.0% during the fourth quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 225 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Camtek by 17.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock worth $158,000 after buying an additional 340 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of Camtek by 9.8% during the 2nd quarter. Osaic Holdings Inc. now owns 4,131 shares of the semiconductor company’s stock valued at $147,000 after acquiring an additional 369 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Camtek by 574.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 379 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Camtek by 1.0% in the first quarter. Geode Capital Management LLC now owns 40,876 shares of the semiconductor company’s stock valued at $1,159,000 after purchasing an additional 396 shares in the last quarter. Institutional investors own 41.93% of the company’s stock.

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.