According to Zacks, “Camtek Ltd., designs, develops, manufactures, and markets automatic optical inspection systems and related products. Camtek’s automatic inspection systems are used to enhance both production processes and yield for manufacturers in the printed circuit board industry, the high density interconnect substrate industry and the semiconductor manufacturing and packaging industry. “
Several other brokerages also recently issued reports on CAMT. BidaskClub raised shares of Camtek from a sell rating to a hold rating in a report on Tuesday, July 23rd. Northland Securities reissued a buy rating and set a $16.00 price target on shares of Camtek in a report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $12.17.
NASDAQ CAMT opened at $10.07 on Monday. The firm has a market capitalization of $361.79 million, a price-to-earnings ratio of 15.97 and a beta of 1.57. The company’s fifty day moving average is $9.13 and its two-hundred day moving average is $9.07. Camtek has a 52-week low of $6.29 and a 52-week high of $11.25.
Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company had revenue of $34.35 million during the quarter, compared to analyst estimates of $34.25 million. Camtek had a return on equity of 21.06% and a net margin of 18.00%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. Sell-side analysts forecast that Camtek will post 0.58 earnings per share for the current year.
The company also recently declared an annual dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a dividend of $0.17 per share. This is an increase from Camtek’s previous annual dividend of $0.14. This represents a yield of 1.9%. The ex-dividend date was Tuesday, August 20th. Camtek’s dividend payout ratio (DPR) is currently 32.69%.
A number of hedge funds have recently made changes to their positions in CAMT. Delphi Management Inc. MA bought a new position in Camtek during the 2nd quarter valued at about $110,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Camtek during the 2nd quarter worth approximately $114,000. State of New Jersey Common Pension Fund D grew its position in shares of Camtek by 40.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 23,278 shares of the semiconductor company’s stock worth $197,000 after buying an additional 6,654 shares during the period. ETF Managers Group LLC grew its position in shares of Camtek by 7.0% during the 2nd quarter. ETF Managers Group LLC now owns 36,437 shares of the semiconductor company’s stock worth $307,000 after buying an additional 2,399 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of Camtek during the 2nd quarter worth approximately $308,000. 28.12% of the stock is owned by hedge funds and other institutional investors.
Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.
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