Camtek (NASDAQ:CAMT) Shares Up 5.6%

Shares of Camtek Ltd. (NASDAQ:CAMT) shot up 5.6% on Monday . The company traded as high as $106.90 and last traded at $106.58. 49,544 shares were traded during mid-day trading, a decline of 90% from the average session volume of 483,949 shares. The stock had previously closed at $100.97.

Analyst Ratings Changes

A number of analysts recently commented on CAMT shares. Northland Capmk downgraded Camtek from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 16th. Evercore ISI started coverage on Camtek in a research report on Tuesday, April 16th. They set an “outperform” rating and a $100.00 price target for the company. Barclays increased their price target on Camtek from $90.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. B. Riley increased their price target on Camtek from $110.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Finally, Jefferies Financial Group assumed coverage on Camtek in a research report on Monday, May 13th. They issued a “buy” rating and a $120.00 target price for the company. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $103.63.

Camtek Stock Up 4.5 %

The company has a debt-to-equity ratio of 0.44, a current ratio of 3.66 and a quick ratio of 3.08. The company has a 50 day moving average of $115.50 and a 200-day moving average of $93.28. The company has a market cap of $4.74 billion, a P/E ratio of 61.10, a price-to-earnings-growth ratio of 2.17 and a beta of 1.41.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.07. The firm had revenue of $97.01 million during the quarter, compared to analyst estimates of $93.75 million. Camtek had a return on equity of 20.94% and a net margin of 25.35%. On average, equities analysts predict that Camtek Ltd. will post 2.35 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CAMT. Vanguard Group Inc. grew its holdings in shares of Camtek by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 937,408 shares of the semiconductor company’s stock worth $58,363,000 after acquiring an additional 33,820 shares during the period. LA Financiere DE L Echiquier grew its holdings in shares of Camtek by 117.8% during the 4th quarter. LA Financiere DE L Echiquier now owns 261,400 shares of the semiconductor company’s stock worth $18,136,000 after acquiring an additional 141,400 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Camtek by 257.7% during the 4th quarter. Mackenzie Financial Corp now owns 17,781 shares of the semiconductor company’s stock worth $1,241,000 after acquiring an additional 12,810 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Camtek by 15.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,067 shares of the semiconductor company’s stock worth $629,000 after acquiring an additional 1,196 shares during the period. Finally, Federated Hermes Inc. grew its holdings in shares of Camtek by 9.7% during the 4th quarter. Federated Hermes Inc. now owns 762,649 shares of the semiconductor company’s stock worth $52,913,000 after acquiring an additional 67,649 shares during the period. 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.