Camtek LTD. (NASDAQ:CAMT) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 424,700 shares, an increase of 44.6% from the July 15th total of 293,700 shares. Based on an average daily volume of 122,600 shares, the short-interest ratio is currently 3.5 days. Approximately 2.0% of the company’s shares are short sold.
A number of research firms have issued reports on CAMT. Northland Securities restated a “buy” rating and issued a $15.00 target price on shares of Camtek in a report on Monday, May 11th. BidaskClub upgraded shares of Camtek from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Needham & Company LLC increased their price objective on shares of Camtek from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. B. Riley increased their price objective on shares of Camtek from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Zacks Investment Research upgraded shares of Camtek from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $16.50.
Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its stake in Camtek by 144.9% in the second quarter. Jane Street Group LLC now owns 82,037 shares of the semiconductor company’s stock valued at $1,032,000 after buying an additional 48,538 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in Camtek by 214.7% in the 2nd quarter. Advisor Group Holdings Inc. now owns 10,700 shares of the semiconductor company’s stock worth $135,000 after purchasing an additional 7,300 shares during the last quarter. State of Tennessee Treasury Department lifted its holdings in Camtek by 8.0% in the 2nd quarter. State of Tennessee Treasury Department now owns 96,797 shares of the semiconductor company’s stock worth $1,218,000 after purchasing an additional 7,150 shares during the last quarter. Algert Global LLC bought a new position in Camtek in the 2nd quarter worth approximately $148,000. Finally, Commonwealth Equity Services LLC increased its position in Camtek by 41.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 16,382 shares of the semiconductor company’s stock worth $206,000 after buying an additional 4,765 shares during the period. 28.57% of the stock is owned by institutional investors and hedge funds.
NASDAQ:CAMT traded down $0.31 during trading hours on Thursday, hitting $15.64. The stock had a trading volume of 3,983 shares, compared to its average volume of 122,378. Camtek has a 1-year low of $6.26 and a 1-year high of $16.76. The business has a 50 day simple moving average of $14.33 and a two-hundred day simple moving average of $11.71. The company has a market cap of $620.72 million, a PE ratio of 36.37 and a beta of 1.79.
Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Camtek had a net margin of 12.69% and a return on equity of 12.23%. The company had revenue of $37.00 million during the quarter, compared to the consensus estimate of $37.00 million. As a group, equities research analysts expect that Camtek will post 0.53 earnings per share for the current fiscal year.
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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