Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Holdings in Camtek Ltd. $CAMT

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in Camtek Ltd. (NASDAQ:CAMT – Free Report) by 10.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 77,662 shares of the semiconductor company’s stock after selling 9,496 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Camtek were worth $8,259,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Camtek during the 4th quarter worth approximately $8,182,000. Savant Capital LLC increased its stake in Camtek by 33.6% during the 4th quarter. Savant Capital LLC now owns 3,070 shares of the semiconductor company’s stock worth $326,000 after buying an additional 772 shares during the period. Geode Capital Management LLC increased its stake in Camtek by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 39,576 shares of the semiconductor company’s stock worth $4,209,000 after buying an additional 162 shares during the period. Royce & Associates LP increased its stake in Camtek by 5.5% during the 4th quarter. Royce & Associates LP now owns 186,790 shares of the semiconductor company’s stock worth $19,864,000 after buying an additional 9,656 shares during the period. Finally, Legal & General Group Plc increased its stake in Camtek by 26.1% during the 4th quarter. Legal & General Group Plc now owns 140,450 shares of the semiconductor company’s stock worth $15,093,000 after buying an additional 29,080 shares during the period. 41.93% of the stock is owned by hedge funds and other institutional investors.

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Camtek Trading Down 5.0%

Shares of Camtek stock opened at $163.09 on Tuesday. The company has a fifty day simple moving average of $174.48 and a 200-day simple moving average of $147.48. Camtek Ltd. has a 12-month low of $64.90 and a 12-month high of $215.99. The company has a current ratio of 8.35, a quick ratio of 7.46 and a debt-to-equity ratio of 0.71. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of 187.46, a PEG ratio of 4.12 and a beta of 1.54.

Camtek (NASDAQ:CAMT – Get Free Report) last issued its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The business had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $120.15 million. During the same quarter in the prior year, the business posted $0.79 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities analysts forecast that Camtek Ltd. will post 3.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CAMT. Needham & Company LLC upped their target price on shares of Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Barclays upped their target price on shares of Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Weiss Ratings raised shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 14th. Stifel Nicolaus reaffirmed a “hold” rating and set a $185.00 target price on shares of Camtek in a research note on Friday, April 17th. Finally, Oppenheimer upped their target price on shares of Camtek from $180.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.33.

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About Camtek

(Free Report)

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.

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