Camtek Ltd. (NASDAQ:CAMT) saw a significant decrease in short interest during the month of July. As of July 14th, there was short interest totalling 367,639 shares, a decrease of 30.8% from the June 30th total of 530,955 shares. Based on an average daily volume of 378,456 shares, the short-interest ratio is presently 1.0 days. Approximately 1.9% of the shares of the stock are short sold.
Hedge funds have recently added to or reduced their stakes in the company. TFS Capital LLC bought a new stake in Camtek during the first quarter valued at $118,000. Endurance Wealth Management Inc. bought a new stake in Camtek during the second quarter valued at $150,000. Acadian Asset Management LLC raised its stake in Camtek by 29.5% in the first quarter. Acadian Asset Management LLC now owns 125,369 shares of the semiconductor company’s stock valued at $478,000 after buying an additional 28,562 shares in the last quarter. Algert Global LLC raised its stake in shares of Camtek by 15.5% in the first quarter. Algert Global LLC now owns 138,072 shares of the semiconductor company’s stock worth $526,000 after buying an additional 18,569 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Camtek by 24.5% in the fourth quarter. Renaissance Technologies LLC now owns 919,930 shares of the semiconductor company’s stock worth $3,027,000 after buying an additional 180,930 shares during the period. 18.25% of the stock is currently owned by institutional investors and hedge funds.
Shares of Camtek (NASDAQ CAMT) traded up 0.41% during mid-day trading on Tuesday, reaching $4.93. The company’s stock had a trading volume of 192,035 shares. The stock has a market capitalization of $174.27 million, a P/E ratio of 22.51 and a beta of 0.90. The company’s 50-day moving average price is $5.31 and its 200-day moving average price is $4.48. Camtek has a 12-month low of $2.38 and a 12-month high of $7.96.
Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. Camtek had a return on equity of 15.32% and a net margin of 2.56%. The business had revenue of $22.68 million for the quarter, compared to the consensus estimate of $33.50 million. On average, equities research analysts forecast that Camtek will post $0.39 earnings per share for the current fiscal year.
Several research analysts recently weighed in on the stock. TheStreet cut shares of Camtek from a “b” rating to a “c” rating in a research report on Friday. B. Riley restated a “buy” rating and issued a $7.00 price objective on shares of Camtek in a research report on Thursday. Zacks Investment Research upgraded shares of Camtek from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research report on Wednesday, May 10th. Needham & Company LLC cut shares of Camtek from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, ValuEngine raised Camtek from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $6.00.
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Camtek Ltd. provides automated and technological solutions for production processes and products yield, enabling and supporting customers’ technologies in the semiconductor fabrication and printed circuit board (PCB) industries. The Company designs, develops, manufactures and markets products mainly based on two core technologies: automated optical inspection (AOI) and functional ink technology (FIT).
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