Camtek Ltd. (NASDAQ:CAMT) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp increased its holdings in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 257.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,781 shares of the semiconductor company's stock after purchasing an additional 12,810 shares during the quarter. Mackenzie Financial Corp's holdings in Camtek were worth $1,241,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CAMT. AE Wealth Management LLC acquired a new position in Camtek in the 3rd quarter worth about $515,000. Roof Eidam Maycock Peralta LLC acquired a new position in shares of Camtek during the third quarter valued at approximately $237,000. Commonwealth Equity Services LLC acquired a new position in shares of Camtek during the third quarter valued at approximately $267,000. Raymond James & Associates acquired a new position in shares of Camtek during the third quarter valued at approximately $691,000. Finally, Shaker Investments LLC OH acquired a new position in shares of Camtek during the third quarter valued at approximately $409,000. Institutional investors and hedge funds own 41.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CAMT. B. Riley reissued a "buy" rating and set a $102.00 target price on shares of Camtek in a report on Tuesday, March 26th. Evercore ISI began coverage on Camtek in a report on Tuesday, April 16th. They set an "outperform" rating and a $100.00 target price for the company. Finally, 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. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.75.

Camtek Price Performance

Shares of NASDAQ:CAMT traded up $1.40 during midday trading on Thursday, hitting $78.86. The company had a trading volume of 259,795 shares, compared to its average volume of 421,930. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 48.20, a price-to-earnings-growth ratio of 2.63 and a beta of 1.41. Camtek Ltd. has a twelve month low of $25.25 and a twelve month high of $90.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 4.77. The business's 50-day simple moving average is $80.72 and its 200-day simple moving average is $71.31.

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

Camtek Dividend Announcement

The company also recently declared a Variable dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were given a dividend of $1.33 per share. The ex-dividend date was Wednesday, April 3rd. Camtek's dividend payout ratio is currently 82.10%.

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.