Camtek (NASDAQ:CAMT) Shares Gap Up to $78.46

Camtek Ltd. (NASDAQ:CAMT - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $78.46, but opened at $80.34. Camtek shares last traded at $80.94, with a volume of 38,496 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CAMT. B. Riley restated a "buy" rating and set a $102.00 price objective on shares of Camtek in a research note on Tuesday, March 26th. Evercore ISI initiated coverage on shares of Camtek in a research note on Tuesday. They issued an "outperform" rating and a $100.00 target price for the company. Finally, Barclays raised their target price on shares of Camtek from $82.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $74.75.

Camtek Stock Performance

The stock has a market capitalization of $3.75 billion, a P/E ratio of 51.55, a PEG ratio of 2.69 and a beta of 1.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 4.77 and a current ratio of 5.66. The company's fifty day simple moving average is $81.05 and its two-hundred day simple moving average is $70.70.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.53 by $0.04. Camtek had a net margin of 24.93% and a return on equity of 18.92%. The company had revenue of $88.70 million for the quarter, compared to analysts' expectations of $88.02 million. During the same period last year, the firm earned $0.45 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities analysts forecast that Camtek Ltd. will post 2.12 EPS for the current year.

Camtek Dividend Announcement

The firm also recently announced a Variable dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th will be issued a dividend of $1.33 per share. The ex-dividend date is Wednesday, April 3rd. Camtek's dividend payout ratio is presently 82.10%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Nomura Holdings Inc. bought a new position in Camtek in the fourth quarter valued at approximately $472,000. Quadrature Capital Ltd increased its stake in Camtek by 602.2% in the fourth quarter. Quadrature Capital Ltd now owns 154,209 shares of the semiconductor company's stock valued at $10,704,000 after acquiring an additional 132,248 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Camtek by 17.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company's stock valued at $158,000 after acquiring an additional 340 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Camtek by 46.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 171,541 shares of the semiconductor company's stock valued at $11,902,000 after acquiring an additional 54,518 shares during the last quarter. Finally, TT International Asset Management LTD bought a new position in Camtek in the fourth quarter valued at approximately $13,105,000. 41.93% of the stock is owned by institutional investors.

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.