Tower Research Capital LLC TRC Acquires 379 Shares of Camtek Ltd. (NASDAQ:CAMT)

Tower Research Capital LLC TRC increased its holdings in Camtek Ltd. (NASDAQ:CAMT) by 574.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 445 shares of the semiconductor company’s stock after purchasing an additional 379 shares during the period. Tower Research Capital LLC TRC’s holdings in Camtek were worth $31,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BluePath Capital Management LLC bought a new position in shares of Camtek in the third quarter worth approximately $31,000. USA Financial Formulas grew its holdings in Camtek by 1,436.2% in the 4th quarter. USA Financial Formulas now owns 722 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 675 shares during the last quarter. Optimum Investment Advisors increased its position in shares of Camtek by 15.0% in the fourth quarter. Optimum Investment Advisors now owns 1,725 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 225 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Camtek by 431.5% during the third 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 last quarter. Finally, C M Bidwell & Associates Ltd. boosted its holdings in shares of Camtek by 3,062.2% during the third quarter. C M Bidwell & Associates Ltd. now owns 2,846 shares of the semiconductor company’s stock worth $177,000 after purchasing an additional 2,756 shares during the period. Institutional investors own 41.93% of the company’s stock.

Camtek Stock Up 4.1 %

CAMT stock traded up $3.26 during midday trading on Friday, hitting $83.28. The stock had a trading volume of 211,300 shares, compared to its average volume of 314,067. The business has a 50-day moving average of $80.46 and a two-hundred day moving average of $72.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 4.77. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 51.41, a price-to-earnings-growth ratio of 2.74 and a beta of 1.40. Camtek Ltd. has a 52-week low of $25.70 and a 52-week high of $90.54.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. The firm had revenue of $88.70 million for the quarter, compared to analysts’ expectations of $88.02 million. Camtek had a net margin of 24.93% and a return on equity of 18.92%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. As a group, equities research analysts forecast that Camtek Ltd. will post 2.12 earnings per share for the current fiscal year.

Camtek Dividend Announcement

The firm also recently announced a Variable dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were paid a dividend of $1.33 per share. The ex-dividend date was Wednesday, April 3rd. Camtek’s dividend payout ratio is 82.10%.

Analyst Ratings Changes

CAMT has been the subject of a number of recent analyst reports. Barclays upped their price target on Camtek from $82.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. B. Riley restated a “buy” rating and set a $102.00 target price on shares of Camtek in a report on Tuesday, March 26th. Finally, Evercore ISI began coverage on shares of Camtek in a report on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Camtek presently has an average rating of “Moderate Buy” and an average target price of $74.75.

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.