Camtek (NASDAQ:CAMT) Sees Unusually-High Trading Volume

Camtek Ltd. (NASDAQ:CAMT) saw an uptick in trading volume on Thursday . 326,484 shares changed hands during mid-day trading, a decline of 35% from the previous session’s volume of 501,171 shares.The stock last traded at $101.37 and had previously closed at $105.00.

Analyst Ratings Changes

Several research analysts have commented on the company. Northland Securities downgraded Camtek from an “outperform” rating to a “market perform” rating in a report on Thursday, May 16th. Northland Capmk downgraded Camtek from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 16th. Barclays increased their target price on shares of Camtek from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Needham & Company LLC boosted their price target on shares of Camtek from $106.00 to $125.00 and gave the company a “buy” rating in a report on Friday, June 7th. Finally, B. Riley increased their price objective on shares of Camtek from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $103.63.

Camtek Price Performance

The stock has a 50-day moving average price of $115.46 and a two-hundred day moving average price of $93.74. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 54.09, a PEG ratio of 2.02 and a beta of 1.41. The company has a current ratio of 3.66, a quick ratio of 3.08 and a debt-to-equity ratio of 0.44.

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, beating analysts’ consensus estimates of $0.50 by $0.07. Camtek had a net margin of 25.35% and a return on equity of 20.94%. The business had revenue of $97.01 million for the quarter, compared to analyst estimates of $93.75 million. As a group, equities research analysts forecast that Camtek Ltd. will post 2.35 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CAMT. Lord Abbett & CO. LLC purchased a new stake in Camtek in the first quarter valued at approximately $55,026,000. Zweig DiMenna Associates LLC acquired a new stake in Camtek during the first quarter worth about $13,964,000. Quadrature Capital Ltd purchased a new position in shares of Camtek during the 4th quarter valued at approximately $10,704,000. LA Financiere DE L Echiquier increased its holdings in Camtek by 117.8% in the fourth quarter. LA Financiere DE L Echiquier now owns 261,400 shares of the semiconductor company’s stock valued at $18,136,000 after buying an additional 141,400 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in shares of Camtek by 46.6% during the 4th quarter. Westfield Capital Management Co. LP now owns 284,845 shares of the semiconductor company’s stock worth $19,763,000 after acquiring an additional 90,608 shares in 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.