Camtek Ltd. (NASDAQ:CAMT - Get Free Report) was the recipient of unusually large options trading on Thursday. Stock traders purchased 4,034 put options on the stock. This represents an increase of approximately 229% compared to the typical volume of 1,225 put options.
Institutional Investors Weigh In On Camtek
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd raised its position in Camtek by 6.0% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,131,671 shares of the semiconductor company's stock valued at $78,523,000 after purchasing an additional 64,484 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Camtek by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 937,408 shares of the semiconductor company's stock worth $58,363,000 after acquiring an additional 33,820 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Camtek by 8.9% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 834,265 shares of the semiconductor company's stock worth $51,941,000 after acquiring an additional 68,102 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Camtek by 9.7% in the 4th quarter. Federated Hermes Inc. now owns 762,649 shares of the semiconductor company's stock worth $52,913,000 after acquiring an additional 67,649 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Camtek by 7.8% in the 1st quarter. Invesco Ltd. now owns 610,164 shares of the semiconductor company's stock worth $18,585,000 after acquiring an additional 44,158 shares in the last quarter. 41.93% of the stock is owned by institutional investors.
Camtek Trading Down 1.5 %
CAMT traded down $1.19 during trading hours on Thursday, reaching $79.17. 348,138 shares of the company's stock traded hands, compared to its average volume of 427,004. The firm has a 50-day moving average price of $81.10 and a 200 day moving average price of $70.83. Camtek has a 52-week low of $24.89 and a 52-week high of $90.54. The company has a quick ratio of 4.77, a current ratio of 5.66 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $3.55 billion, a PE ratio of 48.87, a PEG ratio of 2.86 and a beta of 1.41.
Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $88.02 million. During the same quarter in the previous year, the business earned $0.45 EPS. Camtek's revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts predict that Camtek will post 2.12 EPS for the current fiscal year.
Camtek Dividend Announcement
The company also recently announced a Variable dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th will be given a dividend of $1.33 per share. The ex-dividend date is Wednesday, April 3rd. Camtek's dividend payout ratio (DPR) is presently 82.10%.
Analyst Upgrades and Downgrades
CAMT has been the subject of several research analyst reports. Barclays increased their target price on Camtek from $82.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 21st. Evercore ISI initiated coverage on Camtek in a research report on Tuesday. They set an "outperform" rating and a $100.00 target price for the company. Finally, B. Riley reissued a "buy" rating and set a $102.00 price target on shares of Camtek in a research note on Tuesday, March 26th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $74.75.
Check Out Our Latest Analysis on Camtek
About Camtek
(
Get Free Report)
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.
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