Camtek Ltd. (CAMT) to Issue Variable Dividend of $1.33 on April 18th

Camtek Ltd. (NASDAQ:CAMT) declared a Variable dividend on Thursday, March 21st, Zacks reports. Investors of record on Thursday, April 4th will be given a dividend of 1.33 per share by the semiconductor company on Thursday, April 18th. The ex-dividend date is Wednesday, April 3rd.

Camtek Stock Performance

Shares of NASDAQ CAMT opened at $83.77 on Monday. Camtek has a 12 month low of $24.81 and a 12 month high of $90.54. The company has a market cap of $3.76 billion, a P/E ratio of 51.71, a P/E/G ratio of 2.87 and a beta of 1.41. The business’s 50 day moving average is $80.80 and its two-hundred day moving average is $68.83. 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 (NASDAQ:CAMT) last announced its earnings results 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 net margin of 24.93% and a return on equity of 18.92%. The business had revenue of $88.70 million for the quarter, compared to analyst estimates of $88.02 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Camtek’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Camtek will post 2.12 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC acquired a new stake in Camtek in the 2nd quarter valued at about $38,000. Sunbelt Securities Inc. bought a new position in Camtek in the 1st quarter worth approximately $62,000. FMR LLC lifted its holdings in Camtek by 116.1% during the 2nd quarter. FMR LLC now owns 3,032 shares of the semiconductor company’s stock worth $76,000 after buying an additional 1,629 shares in the last quarter. Deutsche Bank AG bought a new position in Camtek in the 4th quarter valued at $93,000. Finally, Bank of America Corp DE increased its stake in shares of Camtek by 66.8% in the 4th quarter. Bank of America Corp DE now owns 4,967 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 1,990 shares during the period. 41.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CAMT shares. B. Riley restated a “buy” rating and set a $102.00 price objective on shares of Camtek in a research report on Tuesday, March 26th. Barclays lifted their price objective on Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.14.

Camtek Company Profile

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry.