Federated Hermes Inc. Has $52.91 Million Stock Holdings in Camtek Ltd. (NASDAQ:CAMT)

Federated Hermes Inc. boosted its position in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 9.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 762,649 shares of the semiconductor company's stock after purchasing an additional 67,649 shares during the period. Federated Hermes Inc. owned about 1.71% of Camtek worth $52,913,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CAMT. BluePath Capital Management LLC purchased a new position in Camtek in the 3rd quarter valued at approximately $31,000. Tower Research Capital LLC TRC purchased a new position in Camtek in the 2nd quarter valued at approximately $38,000. Sunbelt Securities Inc. purchased a new position in Camtek in the 1st quarter valued at approximately $62,000. FMR LLC increased its stake in Camtek by 116.1% in the 2nd quarter. FMR LLC now owns 3,032 shares of the semiconductor company's stock valued at $76,000 after purchasing an additional 1,629 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in Camtek in the 4th quarter valued at approximately $93,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on CAMT shares. Barclays increased their target price on Camtek from $82.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, February 21st. B. Riley reiterated a "buy" rating and set a $102.00 target price on shares of Camtek in a report on Tuesday, March 26th. Finally, Evercore ISI started coverage on Camtek in a report on Tuesday. They set an "outperform" rating and a $100.00 target price on the stock. 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $74.75.

Camtek Trading Down 5.7 %

Shares of CAMT stock traded down $4.49 during mid-day trading on Friday, hitting $74.68. 643,801 shares of the company's stock were exchanged, compared to its average volume of 349,872. Camtek Ltd. has a fifty-two week low of $25.25 and a fifty-two week high of $90.54. The stock has a 50-day simple moving average of $80.96 and a two-hundred day simple moving average of $70.92. 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 stock has a market cap of $3.35 billion, a price-to-earnings ratio of 46.10, a PEG ratio of 2.72 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, topping 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 business had revenue of $88.70 million for the quarter, compared to analysts' expectations of $88.02 million. During the same quarter last year, the firm earned $0.45 earnings per share. The business's revenue was up 7.9% on a year-over-year basis. Equities analysts expect that Camtek Ltd. will post 2.12 EPS for the current fiscal year.

Camtek Announces Dividend

The firm also recently disclosed a Variable dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were issued a dividend of $1.33 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. Camtek's dividend payout ratio (DPR) is 82.10%.

Camtek 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.