Camtek Ltd. (NASDAQ:CAMT – Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 2,940,000 shares, a growth of 6.5% from the May 31st total of 2,760,000 shares. Currently, 10.6% of the company’s stock are short sold. Based on an average daily volume of 439,400 shares, the days-to-cover ratio is currently 6.7 days.
Camtek Stock Performance
Shares of NASDAQ CAMT opened at $129.98 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.66 and a quick ratio of 3.08. The stock’s fifty day moving average price is $103.89 and its two-hundred day moving average price is $86.75. Camtek has a one year low of $32.86 and a one year high of $131.18. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 73.44, a P/E/G ratio of 2.69 and a beta of 1.41.
Camtek (NASDAQ:CAMT – Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Camtek had a return on equity of 20.94% and a net margin of 25.35%. The firm had revenue of $97.01 million for the quarter, compared to analyst estimates of $93.75 million. On average, equities analysts forecast that Camtek will post 2.35 EPS for the current year.
Analysts Set New Price Targets
Get Our Latest Report on Camtek
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAMT. PNC Financial Services Group Inc. lifted its position in shares of Camtek by 431.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,940 shares of the semiconductor company’s stock valued at $121,000 after acquiring an additional 1,575 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Camtek during the 3rd quarter valued at $11,483,000. Axxcess Wealth Management LLC bought a new stake in shares of Camtek during the 3rd quarter valued at $625,000. Obsidian Personal Planning Solutions LLC bought a new stake in shares of Camtek during the 3rd quarter worth $473,000. Finally, Polar Capital Holdings Plc bought a new stake in shares of Camtek during the 3rd quarter worth $4,355,000. 41.93% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
- Five stocks we like better than Camtek
- How to Use the MarketBeat Excel Dividend Calculator
- AbbVie Stock: A Perfect Dip for Investors to Buy
- What Are Dividend Achievers? An Introduction
- Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
- What Are the U.K. Market Holidays? How to Invest and Trade
- GitLab Stock Rebounds: The Inside Story of Its Comeback
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.