Federated Hermes Inc. Raises Stock Position in Camtek Ltd. (NASDAQ:CAMT)

Federated Hermes Inc. grew its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 762,649 shares of the semiconductor company’s stock after purchasing an additional 67,649 shares during the period. Federated Hermes Inc.’s holdings in Camtek were worth $52,913,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Camtek by 15.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,067 shares of the semiconductor company’s stock worth $629,000 after buying an additional 1,196 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Camtek by 257.7% in the 4th quarter. Mackenzie Financial Corp now owns 17,781 shares of the semiconductor company’s stock valued at $1,241,000 after purchasing an additional 12,810 shares during the period. LA Financiere DE L Echiquier boosted its position in shares of Camtek by 117.8% during the fourth quarter. LA Financiere DE L Echiquier now owns 261,400 shares of the semiconductor company’s stock valued at $18,136,000 after purchasing an additional 141,400 shares in the last quarter. Value Aligned Research Advisors LLC bought a new position in Camtek in the fourth quarter worth $751,000. Finally, Ellsworth Advisors LLC purchased a new position in Camtek during the fourth quarter valued at $477,000. Institutional investors own 41.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on CAMT shares. B. Riley reissued a “buy” rating and set a $102.00 price target on shares of Camtek in a research report on Tuesday, March 26th. Barclays boosted their price target on Camtek from $82.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Finally, Evercore ISI started coverage on Camtek in a research report on Tuesday. They set an “outperform” rating and a $100.00 price objective for the company. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.75.

Camtek Trading Down 5.7 %

Shares of NASDAQ:CAMT opened at $74.68 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 4.77. Camtek Ltd. has a 1 year low of $25.25 and a 1 year high of $90.54. The company has a market cap of $3.35 billion, a P/E ratio of 46.10, a PEG ratio of 2.76 and a beta of 1.41. The stock’s fifty day moving average price is $80.96 and its 200-day moving average price is $70.92.

Camtek (NASDAQ:CAMT) 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 return on equity of 18.92% and a net margin of 24.93%. The business had revenue of $88.70 million during the quarter, compared to analyst estimates of $88.02 million. During the same quarter in the previous year, the firm earned $0.45 EPS. Camtek’s revenue was up 7.9% on a year-over-year basis. Sell-side analysts expect that Camtek Ltd. will post 2.12 earnings per share for the current year.

Camtek Announces Dividend

The business also recently announced a Variable dividend, which was paid on Thursday, April 18th. Shareholders 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 dividend payout ratio is presently 82.10%.

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.