Camtek LTD. (NASDAQ:CAMT) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 355,000 shares, a growth of 53.8% from the August 30th total of 230,800 shares. Based on an average daily trading volume, of 132,100 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.6% of the company’s shares are sold short.
Shares of NASDAQ:CAMT traded up $0.02 on Friday, hitting $10.00. 118,944 shares of the company’s stock were exchanged, compared to its average volume of 107,673. Camtek has a 12 month low of $6.29 and a 12 month high of $11.25. The stock has a market capitalization of $365.40 million, a price-to-earnings ratio of 19.23 and a beta of 1.57. The business’s 50 day simple moving average is $9.49 and its two-hundred day simple moving average is $9.17.
Camtek (NASDAQ:CAMT) last released its earnings results on Tuesday, August 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). The business had revenue of $34.35 million for the quarter, compared to the consensus estimate of $34.25 million. Camtek had a return on equity of 21.06% and a net margin of 18.00%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share. On average, research analysts anticipate that Camtek will post 0.58 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in CAMT. Sphera Funds Management LTD. bought a new stake in shares of Camtek in the first quarter valued at about $6,249,000. Morgan Stanley raised its holdings in shares of Camtek by 2,267.8% in the second quarter. Morgan Stanley now owns 185,895 shares of the semiconductor company’s stock valued at $1,571,000 after acquiring an additional 178,044 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Camtek by 20.6% in the second quarter. Acadian Asset Management LLC now owns 1,040,398 shares of the semiconductor company’s stock valued at $8,794,000 after acquiring an additional 177,765 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Camtek by 5.8% in the second quarter. Renaissance Technologies LLC now owns 1,933,465 shares of the semiconductor company’s stock valued at $16,338,000 after acquiring an additional 105,365 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Camtek by 246.2% in the second quarter. Marshall Wace LLP now owns 144,386 shares of the semiconductor company’s stock valued at $1,033,000 after acquiring an additional 102,680 shares in the last quarter. Hedge funds and other institutional investors own 28.12% of the company’s stock.
Several research firms have commented on CAMT. Zacks Investment Research raised shares of Camtek from a “sell” rating to a “hold” rating in a research note on Tuesday. Northland Securities reaffirmed a “buy” rating and set a $16.00 price objective on shares of Camtek in a research note on Friday, June 21st. Finally, BidaskClub upgraded Camtek from a “hold” rating to a “buy” rating in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $12.17.
Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.
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