Camtek (NASDAQ:CAMT) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Camtek (NASDAQ:CAMT) in a research note released on Monday, MarketBeat.com reports. The firm issued a buy rating and a $120.00 price objective on the semiconductor company’s stock.

Other research analysts also recently issued reports about the stock. Evercore ISI started coverage on shares of Camtek in a research report on Tuesday, April 16th. They set an outperform rating and a $100.00 target price on the stock. B. Riley restated a buy rating and set a $110.00 target price (up from $102.00) on shares of Camtek in a research report on Friday, May 10th. Barclays upped their target price on shares of Camtek from $90.00 to $105.00 and gave the company an overweight rating in a research report on Friday, May 10th. Finally, Needham & Company LLC upped their price target on Camtek from $92.00 to $106.00 and gave the company a buy rating in a research note on Friday, May 10th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Camtek currently has an average rating of Moderate Buy and an average price target of $90.50.

Camtek Stock Up 6.7 %

Shares of NASDAQ CAMT opened at $100.39 on Monday. The firm’s 50-day simple moving average is $81.96 and its 200 day simple moving average is $74.46. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 56.72, a price-to-earnings-growth ratio of 3.19 and a beta of 1.39. The company has a quick ratio of 3.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.44. Camtek has a 12-month low of $27.14 and a 12-month high of $100.95.

Camtek (NASDAQ:CAMT) last released its earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. Camtek had a net margin of 25.35% and a return on equity of 20.94%. 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 prior year, the company posted $0.45 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. On average, research analysts expect that Camtek will post 2.12 earnings per share for the current fiscal year.

Camtek Dividend Announcement

The firm also recently announced a Variable dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were paid a dividend of $1.33 per share. The ex-dividend date was Wednesday, April 3rd. Camtek’s payout ratio is 75.14%.

Institutional Trading of Camtek

A number of large investors have recently bought and sold shares of the business. Clal Insurance Enterprises Holdings Ltd increased its stake in Camtek by 6.0% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,131,671 shares of the semiconductor company’s stock worth $78,523,000 after purchasing an additional 64,484 shares in the last quarter. Vanguard Group Inc. increased its stake in Camtek by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 937,408 shares of the semiconductor company’s stock worth $58,363,000 after purchasing an additional 33,820 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Camtek by 5.7% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 882,165 shares of the semiconductor company’s stock worth $73,899,000 after purchasing an additional 47,900 shares in the last quarter. Federated Hermes Inc. increased its stake in Camtek by 9.7% during the 4th quarter. Federated Hermes Inc. now owns 762,649 shares of the semiconductor company’s stock worth $52,913,000 after purchasing an additional 67,649 shares in the last quarter. Finally, Hood River Capital Management LLC increased its stake in Camtek by 1.9% during the 1st quarter. Hood River Capital Management LLC now owns 691,780 shares of the semiconductor company’s stock worth $57,950,000 after purchasing an additional 13,094 shares in the last quarter. 41.93% of the stock is owned by institutional investors.

About Camtek

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.