Mackenzie Financial Corp Boosts Position in Camtek Ltd. (NASDAQ:CAMT)

Mackenzie Financial Corp increased its stake in Camtek Ltd. (NASDAQ:CAMT) by 257.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,781 shares of the semiconductor company’s stock after buying an additional 12,810 shares during the period. Mackenzie Financial Corp’s holdings in Camtek were worth $1,241,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Camtek by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 937,408 shares of the semiconductor company’s stock valued at $58,363,000 after purchasing an additional 33,820 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Camtek in the 3rd quarter valued at about $434,000. Lazard Asset Management LLC bought a new stake in shares of Camtek in the 3rd quarter valued at about $11,483,000. Westfield Capital Management Co. LP bought a new stake in shares of Camtek in the 3rd quarter valued at about $12,093,000. Finally, Polar Capital Holdings Plc bought a new stake in shares of Camtek in the 3rd quarter valued at about $4,355,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Stock Up 1.0 %

CAMT stock opened at $77.46 on Thursday. The firm has a 50 day moving average of $80.84 and a 200 day moving average of $71.27. The stock has a market capitalization of $3.48 billion, a PE ratio of 48.14, a price-to-earnings-growth ratio of 2.60 and a beta of 1.41. The company has a quick ratio of 4.77, a current ratio of 5.66 and a debt-to-equity ratio of 0.41. Camtek Ltd. has a 52 week low of $25.25 and a 52 week high of $90.54.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.53 by $0.04. Camtek had a net margin of 24.93% and a return on equity of 18.92%. The business had revenue of $88.70 million during the quarter, compared to analysts’ expectations of $88.02 million. During the same period in the previous year, the business posted $0.45 EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts forecast that Camtek Ltd. will post 2.12 earnings per share for the current year.

Camtek Announces Dividend

The firm also recently disclosed 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 of this dividend was Wednesday, April 3rd. Camtek’s payout ratio is 82.10%.

Analyst Ratings Changes

CAMT has been the topic of a number of recent analyst reports. B. Riley restated a “buy” rating and issued a $102.00 price target on shares of Camtek in a report on Tuesday, March 26th. Evercore ISI initiated coverage on shares of Camtek in a report on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 price target on the stock. Finally, Barclays raised their price target on shares of Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Camtek presently has a consensus rating of “Moderate Buy” and an average price target of $74.75.

Camtek 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.