Camtek Sees Unusually High Options Volume (NASDAQ:CAMT)

Camtek Ltd. (NASDAQ:CAMT - Get Free Report) was the target of unusually large options trading on Wednesday. Stock traders acquired 3,142 call options on the stock. This represents an increase of approximately 285% compared to the typical volume of 817 call options.

Camtek Stock Up 2.4%

Shares of Camtek stock traded up $1.99 on Thursday, reaching $84.08. The company's stock had a trading volume of 277,402 shares, compared to its average volume of 557,027. Camtek has a 52 week low of $47.41 and a 52 week high of $140.50. The firm's fifty day simple moving average is $68.80 and its two-hundred day simple moving average is $74.43. The company has a quick ratio of 4.27, a current ratio of 5.28 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 2.21 and a beta of 1.29.

Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. The company had revenue of $118.64 million during the quarter, compared to the consensus estimate of $119.00 million. Camtek had a return on equity of 24.57% and a net margin of 28.40%. Camtek's revenue for the quarter was up 22.3% on a year-over-year basis. During the same period last year, the company earned $0.63 EPS. Equities analysts anticipate that Camtek will post 2.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Northland Securities set a $105.00 price target on Camtek in a research note on Wednesday, May 14th. Bank of America reduced their target price on shares of Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Evercore ISI decreased their price target on shares of Camtek from $100.00 to $82.00 and set an "outperform" rating for the company in a research note on Wednesday, May 14th. Barclays dropped their price objective on shares of Camtek from $120.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Needham & Company LLC lowered their target price on shares of Camtek from $110.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Camtek presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.56.

Institutional Investors Weigh In On Camtek

Large investors have recently added to or reduced their stakes in the stock. Huntington National Bank grew its position in shares of Camtek by 42.4% during the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 123 shares during the period. Cetera Investment Advisers lifted its position in shares of Camtek by 3.3% during the 4th quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company's stock valued at $427,000 after buying an additional 171 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 293 shares during the period. Jones Financial Companies Lllp raised its position in shares of Camtek by 364.0% during the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 324 shares during the period. Finally, Blue Trust Inc. raised its holdings in Camtek by 9.0% during the first quarter. Blue Trust Inc. now owns 4,237 shares of the semiconductor company's stock valued at $248,000 after acquiring an additional 351 shares during the period. 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.