Camtek (NASDAQ:CAMT) Shares Down 2.1%

Camtek Ltd. (NASDAQ:CAMT)’s share price traded down 2.1% during trading on Wednesday . The company traded as low as $81.70 and last traded at $81.73. 27,580 shares changed hands during trading, a decline of 94% from the average session volume of 424,592 shares. The stock had previously closed at $83.51.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays boosted their price target on Camtek from $82.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Evercore ISI started coverage on Camtek in a report on Tuesday. They issued an “outperform” rating and a $100.00 target price for the company. Finally, B. Riley reaffirmed a “buy” rating and issued a $102.00 target price on shares of Camtek in a report on Tuesday, March 26th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Camtek presently has an average rating of “Moderate Buy” and an average target price of $74.75.

Camtek Trading Down 1.5 %

The company has a market cap of $3.55 billion, a price-to-earnings ratio of 48.87, a PEG ratio of 2.76 and a beta of 1.41. The firm has a 50 day moving average price of $81.10 and a two-hundred day moving average price of $70.83. The company has a quick ratio of 4.77, a current ratio of 5.66 and a debt-to-equity ratio of 0.41.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 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 for the quarter, compared to analyst estimates of $88.02 million. During the same quarter in the prior year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts forecast that Camtek Ltd. will post 2.12 earnings per share for the current year.

Camtek Announces Dividend

The firm also recently announced a Variable dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were given a dividend of $1.33 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. Camtek’s payout ratio is 82.10%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Camtek by 275.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,067,187 shares of the semiconductor company’s stock valued at $66,405,000 after acquiring an additional 782,958 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Camtek in the third quarter worth $21,162,000. Millennium Management LLC increased its position in Camtek by 104.3% in the fourth quarter. Millennium Management LLC now owns 397,423 shares of the semiconductor company’s stock worth $8,727,000 after buying an additional 202,935 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in Camtek in the third quarter worth $12,093,000. Finally, Eagle Asset Management Inc. purchased a new stake in Camtek in the third quarter worth $12,022,000. 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.