Camtek (NASDAQ:CAMT) Shares Gap Up – Here’s What Happened

Camtek Ltd. (NASDAQ:CAMT)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $71.89, but opened at $73.85. Camtek shares last traded at $75.82, with a volume of 50,572 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CAMT shares. B. Riley dropped their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $95.00 target price on shares of Camtek in a research note on Wednesday, November 13th. Northland Capmk raised Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. StockNews.com upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Northland Securities upped their price objective on shares of Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $110.57.

Camtek Price Performance

The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average of $78.65 and a two-hundred day moving average of $94.80. The firm has a market cap of $3.41 billion, a P/E ratio of 33.13, a PEG ratio of 1.31 and a beta of 1.38.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. The business had revenue of $112.30 million during the quarter, compared to analyst estimates of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The company’s revenue was up 39.5% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS. Sell-side analysts expect that Camtek Ltd. will post 2.53 EPS for the current year.

Institutional Trading of Camtek

Institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its position in shares of Camtek by 524.6% in the first quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 1,238 shares in the last quarter. Tidal Investments LLC acquired a new stake in Camtek during the 1st quarter valued at $1,716,000. Ellsworth Advisors LLC boosted its position in shares of Camtek by 3.4% in the second quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company’s stock worth $926,000 after buying an additional 245 shares during the period. Blue Trust Inc. grew its holdings in shares of Camtek by 4.1% during the second quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock valued at $341,000 after buying an additional 108 shares in the last quarter. Finally, Petra Financial Advisors Inc. lifted its stake in Camtek by 1.5% in the 2nd quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company’s stock worth $1,038,000 after acquiring an additional 120 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Company 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.