Camtek Target of Unusually High Options Trading (NASDAQ:CAMT)

Camtek Ltd. (NASDAQ:CAMT) saw unusually large options trading on Tuesday. Stock investors bought 2,815 call options on the stock. This represents an increase of 63% compared to the average daily volume of 1,724 call options.

Analysts Set New Price Targets

CAMT has been the subject of several research analyst reports. 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. Barclays lifted their target price on Camtek from $90.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Evercore ISI started coverage on Camtek in a research note on Tuesday, April 16th. They set an “outperform” rating and a $100.00 target price for the company. B. Riley boosted their price target on Camtek from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Finally, Needham & Company LLC boosted their price target on Camtek from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $103.63.

Hedge Funds Weigh In On Camtek

A number of institutional investors and hedge funds have recently bought and sold shares of CAMT. Lord Abbett & CO. LLC acquired a new position in Camtek in the 1st quarter worth about $55,026,000. TT International Asset Management LTD acquired a new position in Camtek in the 4th quarter worth about $13,105,000. Zweig DiMenna Associates LLC acquired a new position in Camtek in the 1st quarter worth about $13,964,000. Quadrature Capital Ltd acquired a new position in Camtek in the 4th quarter worth about $10,704,000. Finally, LA Financiere DE L Echiquier increased its holdings in Camtek by 117.8% in the 4th quarter. LA Financiere DE L Echiquier now owns 261,400 shares of the semiconductor company’s stock worth $18,136,000 after purchasing an additional 141,400 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $136.20 on Thursday. The stock has a market capitalization of $6.12 billion, a PE ratio of 76.95, a P/E/G ratio of 2.95 and a beta of 1.41. 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 business has a fifty day moving average price of $109.27 and a two-hundred day moving average price of $89.18. Camtek has a fifty-two week low of $33.35 and a fifty-two week high of $140.50.

Camtek (NASDAQ:CAMT) 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. Camtek had a return on equity of 20.94% and a net margin of 25.35%. The firm had revenue of $97.01 million during the quarter, compared to analysts’ expectations of $93.75 million. As a group, equities analysts predict that Camtek will post 2.35 earnings per share for the current fiscal year.

About Camtek

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.