Camtek Sees Unusually Large Options Volume (NASDAQ:CAMT)

Camtek Ltd. (NASDAQ:CAMT - Get Free Report) was the recipient of unusually large options trading on Monday. Stock traders bought 5,648 put options on the stock. This is an increase of 419% compared to the average volume of 1,088 put options.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $110.00 price objective on shares of Camtek in a research report on Thursday, February 13th. Northland Securities lifted their price target on shares of Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Cantor Fitzgerald assumed coverage on shares of Camtek in a research report on Monday, January 13th. They issued a "neutral" rating and a $100.00 price objective for the company. StockNews.com cut Camtek from a "hold" rating to a "sell" rating in a research note on Saturday, March 29th. Finally, Barclays dropped their price target on shares of Camtek from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $110.22.

Camtek Stock Performance

Shares of Camtek stock traded down $2.15 during trading on Friday, hitting $50.56. 660,338 shares of the stock were exchanged, compared to its average volume of 565,652. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. The stock's fifty day moving average is $75.49 and its 200 day moving average is $79.16. The stock has a market cap of $2.31 billion, a PE ratio of 20.89, a P/E/G ratio of 1.89 and a beta of 1.38. Camtek has a 12 month low of $47.48 and a 12 month high of $140.50.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. As a group, sell-side analysts anticipate that Camtek will post 2.93 EPS for the current year.

Institutional Investors Weigh In On Camtek

Institutional investors and hedge funds have recently modified their holdings of the stock. Huntington National Bank lifted its holdings in shares of Camtek by 42.4% during the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 123 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Camtek by 78.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company's stock worth $26,000 after buying an additional 145 shares during the period. Cetera Investment Advisers lifted its stake in Camtek by 3.3% during the fourth quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company's stock valued at $427,000 after buying an additional 171 shares in the last quarter. Prentiss Smith & Co. Inc. boosted its holdings in shares of Camtek by 10.8% in the fourth quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock worth $225,000 after buying an additional 272 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of Camtek by 364.0% in the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 324 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company's stock.

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.