Camtek Ltd. (NASDAQ:CAMT) Short Interest Up 9.4% in November

Camtek Ltd. (NASDAQ:CAMT) was the target of a large growth in short interest during the month of 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. Based on an average daily trading volume, of 573,200 shares, the days-to-cover ratio is presently 5.9 days. Approximately 12.2% of the shares of the company are sold short.

Camtek Price Performance

NASDAQ:CAMT traded up $0.04 during trading hours on Wednesday, reaching $76.00. The company had a trading volume of 63,122 shares, compared to its average volume of 534,430. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average of $78.69 and a two-hundred day moving average of $94.33. Camtek has a one year low of $60.60 and a one year high of $140.50. The firm has a market capitalization of $3.45 billion, a PE ratio of 35.00, a PEG ratio of 1.37 and a beta of 1.34.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The firm had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. During the same period last year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 39.5% on a year-over-year basis. Analysts forecast that Camtek will post 2.53 earnings per share for the current year.

Hedge Funds Weigh In On Camtek

A number of institutional investors have recently modified their holdings of CAMT. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Camtek by 21.5% in the third 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of 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 period. Two Sigma Advisers LP raised its position in shares of Camtek by 107.5% during the third quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company’s stock worth $57,548,000 after acquiring an additional 373,400 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in shares of Camtek by 723.7% during the second 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 during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Camtek by 16.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 486,606 shares of the semiconductor company’s stock valued at $38,855,000 after acquiring an additional 67,250 shares during the period. 41.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Camtek Company Profile

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.