Ellsworth Advisors LLC Makes New Investment in Camtek Ltd. (NASDAQ:CAMT)

Ellsworth Advisors LLC purchased a new position in shares of Camtek Ltd. (NASDAQ:CAMT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,877 shares of the semiconductor company’s stock, valued at approximately $477,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BluePath Capital Management LLC bought a new position in shares of Camtek in the third quarter valued at about $31,000. Tower Research Capital LLC TRC bought a new position in shares of Camtek in the second quarter valued at about $38,000. Sunbelt Securities Inc. bought a new position in shares of Camtek in the first quarter valued at about $62,000. FMR LLC grew its stake in shares of Camtek by 116.1% in the second quarter. FMR LLC now owns 3,032 shares of the semiconductor company’s stock valued at $76,000 after acquiring an additional 1,629 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Camtek in the fourth quarter valued at about $93,000. 41.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

CAMT has been the topic of several research reports. B. Riley restated a “buy” rating and issued a $102.00 price target on shares of Camtek in a research note on Tuesday. Barclays increased their price objective on shares of Camtek from $82.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.14.

Camtek Trading Down 3.8 %

NASDAQ CAMT traded down $3.28 during trading hours on Thursday, reaching $83.77. The company’s stock had a trading volume of 435,338 shares, compared to its average volume of 447,271. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 4.77. Camtek Ltd. has a 52 week low of $24.81 and a 52 week high of $90.54. The firm has a fifty day simple moving average of $80.70 and a 200-day simple moving average of $68.51. The stock has a market cap of $3.76 billion, a P/E ratio of 51.71, a P/E/G ratio of 3.06 and a beta of 1.41.

Camtek (NASDAQ:CAMT) last released its quarterly 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 firm had revenue of $88.70 million during the quarter, compared to analyst estimates of $88.02 million. During the same quarter last year, the business earned $0.45 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. Equities analysts forecast that Camtek Ltd. will post 2.12 earnings per share for the current fiscal year.

Camtek Announces Dividend

The company also recently declared a Variable dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th will be issued a dividend of $1.33 per share. The ex-dividend date is Wednesday, April 3rd.

Camtek Company Profile

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.