Stock Traders Buy Large Volume of Camtek Call Options (NASDAQ:CAMT)

Camtek Ltd. (NASDAQ:CAMTGet Free Report) was the recipient of some unusual options trading activity on Tuesday. Traders purchased 2,815 call options on the stock. This represents an increase of 63% compared to the average daily volume of 1,724 call options.

Camtek Price Performance

Camtek stock opened at $136.20 on Thursday. Camtek has a 52-week low of $33.35 and a 52-week high of $140.50. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 76.95, a PEG ratio of 2.95 and a beta of 1.41. The company has a fifty day simple moving average of $109.27 and a 200-day simple moving average of $89.18. The company has a quick ratio of 3.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.44.

Camtek (NASDAQ:CAMTGet Free Report) last released its earnings results on Thursday, May 9th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. Camtek had a net margin of 25.35% and a return on equity of 20.94%. The business had revenue of $97.01 million during the quarter, compared to analyst estimates of $93.75 million. On average, equities analysts anticipate that Camtek will post 2.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Camtek

A number of hedge funds have recently modified their holdings of the company. Tidal Investments LLC purchased a new stake in shares of Camtek in the first quarter valued at about $1,716,000. Hood River Capital Management LLC boosted its stake in Camtek by 1.9% during the first quarter. Hood River Capital Management LLC now owns 691,780 shares of the semiconductor company’s stock worth $57,950,000 after buying an additional 13,094 shares during the period. Truvestments Capital LLC boosted its stake in Camtek by 5.2% during the first quarter. Truvestments Capital LLC now owns 10,191 shares of the semiconductor company’s stock worth $854,000 after buying an additional 507 shares during the period. Axxcess Wealth Management LLC boosted its stake in Camtek by 7.6% during the first quarter. Axxcess Wealth Management LLC now owns 11,743 shares of the semiconductor company’s stock worth $984,000 after buying an additional 833 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new position in Camtek during the first quarter worth about $55,026,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Needham & Company LLC boosted their target price on shares of Camtek from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Jefferies Financial Group assumed coverage on shares of Camtek in a research note on Monday, May 13th. They issued a “buy” rating and a $120.00 target price for the company. B. Riley boosted their target price on shares of Camtek from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Bank of America boosted their target price on shares of Camtek from $98.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Finally, Barclays upped their price objective on shares of Camtek from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $103.63.

View Our Latest Analysis on CAMT

About Camtek

(Get Free Report)

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.

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