Camtek (NASDAQ:CAMT) Trading Down 2.1%

Camtek Ltd. (NASDAQ:CAMT - Get Free Report) fell 2.1% on Wednesday . The stock traded as low as $81.70 and last traded at $81.73. 27,580 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 424,592 shares. The stock had previously closed at $83.51.

Wall Street Analyst Weigh In

CAMT has been the topic of a number of recent analyst reports. Evercore ISI assumed coverage on Camtek in a research report on Tuesday. They issued an "outperform" rating and a $100.00 price objective on the stock. Barclays lifted their price target on shares of Camtek from $82.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, February 21st. Finally, B. Riley restated a "buy" rating and issued a $102.00 price objective 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, Camtek presently has an average rating of "Moderate Buy" and an average target price of $74.75.

Camtek Stock Performance

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 business's 50-day moving average is $81.10 and its 200-day moving average is $70.77. The company has a market capitalization of $3.61 billion, a PE ratio of 49.60, a PEG ratio of 2.69 and a beta of 1.41.

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

Camtek Dividend Announcement

The business also recently declared 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 payout ratio is presently 82.10%.

Hedge Funds Weigh In On Camtek

A number of hedge funds have recently bought and sold shares of CAMT. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Camtek by 6.0% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,131,671 shares of the semiconductor company's stock worth $78,523,000 after buying an additional 64,484 shares in the last quarter. Vanguard Group Inc. increased its holdings in 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 buying an additional 33,820 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Camtek by 8.9% in the third 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 during the period. Federated Hermes Inc. grew its stake in shares of Camtek by 9.7% in the fourth 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 during the period. Finally, Invesco Ltd. raised its holdings in shares of Camtek by 7.8% during the first quarter. Invesco Ltd. now owns 610,164 shares of the semiconductor company's stock valued at $18,585,000 after purchasing an additional 44,158 shares during the last quarter. 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.