Camtek Ltd. (NASDAQ:CAMT) Declares $1.33 Variable Dividend

Camtek Ltd. (NASDAQ:CAMTGet Free Report) announced a Variable dividend on Thursday, March 21st, Zacks reports. Stockholders 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 of this dividend is Wednesday, April 3rd.

Camtek Trading Up 0.2 %

CAMT stock opened at $83.92 on Tuesday. The company’s 50-day simple moving average is $80.90 and its 200-day simple moving average is $69.02. 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 has a 52-week low of $24.81 and a 52-week high of $90.54. The firm has a market cap of $3.77 billion, a P/E ratio of 51.80, a PEG ratio of 2.87 and a beta of 1.41.

Camtek (NASDAQ:CAMTGet Free Report) last posted its earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the company posted $0.45 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities analysts forecast that Camtek will post 2.12 EPS for the current fiscal year.

Analyst Ratings Changes

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

Check Out Our Latest Research Report on Camtek

Hedge Funds Weigh In On Camtek

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its position in shares of Camtek by 17.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock worth $158,000 after purchasing an additional 340 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Camtek by 9.8% during the 2nd quarter. Osaic Holdings Inc. now owns 4,131 shares of the semiconductor company’s stock worth $147,000 after purchasing an additional 369 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Camtek by 1.0% during the 1st quarter. Geode Capital Management LLC now owns 40,876 shares of the semiconductor company’s stock worth $1,159,000 after purchasing an additional 396 shares during the last quarter. Credit Suisse AG lifted its position in shares of Camtek by 5.3% during the 2nd quarter. Credit Suisse AG now owns 19,356 shares of the semiconductor company’s stock worth $482,000 after purchasing an additional 978 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Camtek during the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

About Camtek

(Get Free Report)

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.

Read More

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.