Traders Purchase Large Volume of Call Options on Camtek (NASDAQ:CAMT)

Camtek Ltd. (NASDAQ:CAMTGet Free Report) saw some unusual options trading activity on Tuesday. Stock investors purchased 2,815 call options on the company. This is an increase of 63% compared to the average volume of 1,724 call options.

Analysts Set New Price Targets

Several research analysts have recently commented on CAMT shares. Bank of America lifted their target price on Camtek from $98.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Evercore ISI assumed coverage on shares of Camtek in a report on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 price objective on the stock. Barclays raised their target price on shares of Camtek from $90.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. B. Riley upped their price target on shares of Camtek from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Finally, Northland Securities cut shares of Camtek from an “outperform” rating to a “market perform” rating in a report on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.63.

View Our Latest Research Report on CAMT

Camtek Stock Down 0.3 %

NASDAQ CAMT opened at $136.78 on Wednesday. The company has a current ratio of 3.66, a quick ratio of 3.08 and a debt-to-equity ratio of 0.44. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 77.28, a PEG ratio of 2.85 and a beta of 1.41. The company has a 50 day moving average of $108.12 and a 200-day moving average of $88.85. Camtek has a 1-year low of $33.35 and a 1-year high of $140.50.

Camtek (NASDAQ:CAMTGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.07. The firm had revenue of $97.01 million during the quarter, compared to analysts’ expectations of $93.75 million. Camtek had a return on equity of 20.94% and a net margin of 25.35%. On average, equities research analysts expect that Camtek will post 2.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camtek

Large investors have recently bought and sold shares of the company. Polar Capital Holdings Plc acquired a new stake in shares of Camtek during the 3rd quarter worth approximately $4,355,000. American Century Companies Inc. bought a new position in shares of Camtek in the 3rd quarter valued at $7,496,000. Vanguard Group Inc. raised its holdings in shares of Camtek by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 937,408 shares of the semiconductor company’s stock worth $58,363,000 after buying an additional 33,820 shares in the last quarter. Optimum Investment Advisors lifted its position in shares of Camtek by 15.0% during the 4th quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock worth $120,000 after buying an additional 225 shares during the last quarter. Finally, Legato Capital Management LLC boosted its stake in Camtek by 8.6% in the fourth quarter. Legato Capital Management LLC now owns 8,510 shares of the semiconductor company’s stock valued at $590,000 after buying an additional 675 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

About Camtek

(Get Free Report)

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.

See Also

Receive News & Ratings for Camtek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camtek and related companies with MarketBeat.com's FREE daily email newsletter.