Camtek (NASDAQ:CAMT) Now Covered by Evercore ISI

Evercore ISI began coverage on shares of Camtek (NASDAQ:CAMT) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $100.00 price objective on the semiconductor company’s stock.

Several other research firms also recently issued reports on CAMT. B. Riley restated a buy rating and set a $102.00 price objective on shares of Camtek in a report on Tuesday, March 26th. Barclays lifted 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. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $74.75.

Camtek Stock Performance

Shares of NASDAQ:CAMT opened at $79.17 on Tuesday. The company has a market cap of $3.55 billion, a P/E ratio of 48.87, a PEG ratio of 2.86 and a beta of 1.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 4.77 and a current ratio of 5.66. Camtek has a one year low of $24.89 and a one year high of $90.54. The business’s 50-day simple moving average is $81.10 and its 200 day simple moving average is $70.83.

Camtek (NASDAQ:CAMT) 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 company had revenue of $88.70 million for the quarter, compared to the consensus estimate of $88.02 million. During the same period in the previous year, the business earned $0.45 EPS. Camtek’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that Camtek will post 2.12 earnings per share for the current fiscal year.

Camtek Dividend Announcement

The company also recently disclosed a Variable dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were paid a $1.33 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. Camtek’s dividend payout ratio is presently 82.10%.

Institutional Investors Weigh In On Camtek

Institutional investors and hedge funds have recently modified their holdings of the stock. BluePath Capital Management LLC acquired a new stake in shares of Camtek during the third quarter worth $31,000. Tower Research Capital LLC TRC raised its position in shares of Camtek by 574.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 445 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 379 shares during the period. USA Financial Formulas raised its position in shares of Camtek by 1,436.2% during the fourth quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 675 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Camtek during the first quarter worth $62,000. Finally, FMR LLC raised its position in shares of Camtek by 116.1% during the second quarter. FMR LLC now owns 3,032 shares of the semiconductor company’s stock worth $76,000 after purchasing an additional 1,629 shares during the period. 41.93% of the stock is owned by institutional investors and hedge funds.

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.