Camtek (NASDAQ:CAMT) Receives New Coverage from Analysts at Evercore ISI

Evercore ISI assumed coverage on shares of Camtek (NASDAQ:CAMT) in a research note published on Tuesday morning, MarketBeat reports. The brokerage issued an outperform rating and a $100.00 price objective on the semiconductor company’s stock.

Other equities analysts have also recently issued research reports about the company. Barclays lifted their target price on Camtek from $82.00 to $90.00 and gave the stock an overweight rating in a report on Wednesday, February 21st. B. Riley reiterated a buy rating and issued a $102.00 target price on shares of Camtek in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $74.75.

Camtek Stock Performance

NASDAQ:CAMT opened at $83.51 on Tuesday. 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 has a 1 year low of $24.89 and a 1 year high of $90.54. The stock’s 50 day simple moving average is $81.05 and its two-hundred day simple moving average is $70.70. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 51.55, a PEG ratio of 2.69 and a beta of 1.41.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $88.02 million. During the same quarter in the previous year, the company posted $0.45 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts anticipate that Camtek will post 2.12 earnings per share for the current fiscal year.

Camtek Announces Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, April 4th will be issued a dividend of $1.33 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. Camtek’s payout ratio is currently 82.10%.

Hedge Funds Weigh In On Camtek

A number of large investors have recently bought and sold shares of CAMT. JPMorgan Chase & Co. boosted its holdings in Camtek by 11.8% during the 1st quarter. JPMorgan Chase & Co. now owns 38,173 shares of the semiconductor company’s stock valued at $1,164,000 after acquiring an additional 4,043 shares during the period. Renaissance Group LLC lifted its holdings in shares of Camtek by 9.1% in the 1st quarter. Renaissance Group LLC now owns 29,484 shares of the semiconductor company’s stock worth $898,000 after buying an additional 2,454 shares during the period. UBS Group AG lifted its holdings in shares of Camtek by 5,643.2% in the 1st quarter. UBS Group AG now owns 57,087 shares of the semiconductor company’s stock worth $1,738,000 after buying an additional 56,093 shares during the period. Invesco Ltd. lifted its holdings in shares of Camtek by 7.8% in the 1st quarter. Invesco Ltd. now owns 610,164 shares of the semiconductor company’s stock worth $18,585,000 after buying an additional 44,158 shares during the period. Finally, Engineers Gate Manager LP purchased a new stake in shares of Camtek in the 1st quarter worth $735,000. Hedge funds and other institutional investors 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.