Wolverine Asset Management LLC trimmed its stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 91.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 929 shares of the semiconductor company's stock after selling 9,500 shares during the quarter. Wolverine Asset Management LLC's holdings in Camtek were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in CAMT. BluePath Capital Management LLC acquired a new position in shares of Camtek in the 3rd quarter worth approximately $31,000. Optimum Investment Advisors boosted its stake in shares of Camtek by 15.0% during the 4th quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company's stock worth $120,000 after buying an additional 225 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Camtek by 431.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,940 shares of the semiconductor company's stock valued at $121,000 after purchasing an additional 1,575 shares during the last quarter. C M Bidwell & Associates Ltd. lifted its stake in Camtek by 3,062.2% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,846 shares of the semiconductor company's stock valued at $177,000 after purchasing an additional 2,756 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in Camtek in the 3rd quarter valued at about $207,000. 41.93% of the stock is owned by institutional investors and hedge funds.
Camtek Stock Performance
Shares of CAMT traded up $0.54 during mid-day trading on Monday, hitting $82.70. 155,235 shares of the company traded hands, compared to its average volume of 417,190. The stock has a 50-day moving average price of $80.49 and a two-hundred day moving average price of $71.70. 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 stock has a market cap of $3.71 billion, a price-to-earnings ratio of 51.04, a P/E/G ratio of 2.82 and a beta of 1.41. Camtek Ltd. has a 1 year low of $25.70 and a 1 year high of $90.54.
Camtek (NASDAQ:CAMT - Get Free Report) last issued its earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.04. Camtek had a net margin of 24.93% and a return on equity of 18.92%. The firm had revenue of $88.70 million during the quarter, compared to analyst estimates of $88.02 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. Camtek's revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts anticipate that Camtek Ltd. will post 2.12 earnings per share for the current year.
Camtek Announces Dividend
The company also recently declared a Variable dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were issued a $1.33 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. Camtek's dividend payout ratio is currently 82.10%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on CAMT shares. Barclays boosted their target price on shares of Camtek from $82.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 21st. B. Riley reaffirmed a "buy" rating and set a $102.00 price target on shares of Camtek in a research report on Tuesday, March 26th. Finally, Evercore ISI started coverage on shares of Camtek in a report on Tuesday, April 16th. They set an "outperform" rating and a $100.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $74.75.
Get Our Latest Stock Analysis on CAMT
Camtek Company Profile
(
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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