Camtek LTD. (NASDAQ:CAMT) saw a large increase in short interest in June. As of June 30th, there was short interest totalling 51,600 shares, an increase of 75.5% from the May 30th total of 29,400 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 179,200 shares, the short-interest ratio is presently 0.3 days.

Shares of NASDAQ CAMT traded down $0.05 during midday trading on Thursday, hitting $8.09. The company’s stock had a trading volume of 58,300 shares, compared to its average volume of 178,141. Camtek has a 1-year low of $6.29 and a 1-year high of $11.25. The business has a fifty day simple moving average of $8.31. The firm has a market cap of $297.48 million, a price-to-earnings ratio of 15.56 and a beta of 1.50.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings results on Monday, May 6th. The semiconductor company reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. Camtek had a net margin of 16.34% and a return on equity of 21.60%. The business had revenue of $34.00 million during the quarter, compared to analyst estimates of $34.00 million. During the same period in the previous year, the business posted $0.12 EPS. The company’s quarterly revenue was up 24.5% on a year-over-year basis. As a group, sell-side analysts forecast that Camtek will post 0.64 earnings per share for the current fiscal year.

Several research analysts have weighed in on CAMT shares. ValuEngine raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. BidaskClub lowered shares of Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Finally, Northland Securities raised their price objective on shares of Everbridge from $83.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $12.17.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sphera Funds Management LTD. bought a new stake in shares of Camtek in the 1st quarter worth about $6,249,000. Marshall Wace LLP grew its holdings in shares of Camtek by 187.0% in the 1st quarter. Marshall Wace LLP now owns 41,706 shares of the semiconductor company’s stock worth $372,000 after purchasing an additional 27,176 shares during the last quarter. Delek Group Ltd. grew its holdings in shares of Camtek by 62.4% in the 1st quarter. Delek Group Ltd. now owns 194,514 shares of the semiconductor company’s stock worth $1,727,000 after purchasing an additional 74,744 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in shares of Camtek by 76.8% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 55,730 shares of the semiconductor company’s stock worth $497,000 after purchasing an additional 24,202 shares during the last quarter. Finally, GAM Holding AG bought a new stake in shares of Camtek in the 1st quarter worth about $390,000. 27.17% of the stock is owned by institutional investors and hedge funds.

About Camtek

Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.

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