Camtek LTD. (NASDAQ:CAMT) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 263,000 shares, a decline of 18.2% from the December 15th total of 321,700 shares. Based on an average daily trading volume, of 102,800 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.2% of the shares of the stock are sold short.
Institutional investors and hedge funds have recently modified their holdings of the company. Optimum Investment Advisors bought a new stake in shares of Camtek during the 3rd quarter valued at about $63,000. Delphi Management Inc. MA bought a new stake in shares of Camtek during the 2nd quarter valued at about $110,000. Cubist Systematic Strategies LLC bought a new stake in shares of Camtek during the 2nd quarter valued at about $114,000. ETF Managers Group LLC boosted its position in shares of Camtek by 7.0% during the 2nd quarter. ETF Managers Group LLC now owns 36,437 shares of the semiconductor company’s stock valued at $307,000 after acquiring an additional 2,399 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Camtek during the 2nd quarter valued at about $308,000. Hedge funds and other institutional investors own 28.74% of the company’s stock.
CAMT stock opened at $11.40 on Tuesday. The firm has a market capitalization of $410.39 million, a PE ratio of 21.92 and a beta of 1.61. Camtek has a twelve month low of $6.89 and a twelve month high of $11.48. The stock has a 50-day simple moving average of $10.80 and a two-hundred day simple moving average of $9.82.
Camtek (NASDAQ:CAMT) last posted its earnings results on Thursday, November 7th. The semiconductor company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02). The company had revenue of $32.47 million for the quarter, compared to analysts’ expectations of $32.00 million. Camtek had a net margin of 17.28% and a return on equity of 18.73%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS. As a group, sell-side analysts expect that Camtek will post 0.54 EPS for the current fiscal year.
A number of research analysts have weighed in on the company. Zacks Investment Research raised Camtek from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. BidaskClub raised Camtek from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 30th.
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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