Short Interest in Camtek Ltd. (NASDAQ:CAMT) Expands By 9.4%

Camtek Ltd. (NASDAQ:CAMT) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 3,390,000 shares, a growth of 9.4% from the October 31st total of 3,100,000 shares. Approximately 12.2% of the company’s stock are sold short. Based on an average daily volume of 573,200 shares, the short-interest ratio is currently 5.9 days.

Institutional Investors Weigh In On Camtek

Several institutional investors have recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Camtek by 21.5% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company’s stock valued at $121,734,000 after purchasing an additional 268,258 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its position in Camtek by 7.5% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company’s stock valued at $68,388,000 after buying an additional 60,088 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Camtek by 107.5% in the 3rd quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock valued at $57,548,000 after acquiring an additional 373,400 shares in the last quarter. Y.D. More Investments Ltd lifted its stake in Camtek by 723.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock valued at $78,709,000 after acquiring an additional 550,854 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Camtek by 16.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 486,606 shares of the semiconductor company’s stock worth $38,855,000 after acquiring an additional 67,250 shares during the last quarter. 41.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on CAMT shares. StockNews.com upgraded Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Needham & Company LLC reiterated a “buy” rating and issued a $95.00 target price on shares of Camtek in a report on Wednesday, November 13th. Finally, Northland Securities upped their price target on shares of Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Camtek has a consensus rating of “Buy” and a consensus target price of $110.57.

Camtek Trading Down 0.4 %

Shares of NASDAQ CAMT traded down $0.32 during midday trading on Wednesday, reaching $75.64. 93,766 shares of the stock were exchanged, compared to its average volume of 534,556. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36. Camtek has a 12 month low of $60.60 and a 12 month high of $140.50. The business has a 50-day simple moving average of $78.69 and a two-hundred day simple moving average of $94.33. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 35.00, a P/E/G ratio of 1.37 and a beta of 1.34.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The company had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. During the same quarter last year, the firm posted $0.46 earnings per share. Camtek’s revenue was up 39.5% compared to the same quarter last year. As a group, equities research analysts expect that Camtek will post 2.53 EPS for the current year.

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.