Telemark Asset Management LLC increased its holdings in Camtek Ltd. (NASDAQ:CAMT – Free Report) by 133.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,000 shares of the semiconductor company’s stock after acquiring an additional 40,000 shares during the period. Telemark Asset Management LLC’s holdings in Camtek were worth $7,444,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Camtek by 42.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,694 shares of the semiconductor company’s stock worth $5,430,000 after acquiring an additional 15,490 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Camtek by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,079,022 shares of the semiconductor company’s stock worth $113,454,000 after acquiring an additional 15,432 shares during the last quarter. Ariose Capital Management Ltd acquired a new stake in shares of Camtek in the 4th quarter worth about $3,903,000. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management raised its holdings in shares of Camtek by 35.6% in the 4th quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 42,031 shares of the semiconductor company’s stock worth $4,470,000 after acquiring an additional 11,031 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Camtek by 31.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 32,056 shares of the semiconductor company’s stock worth $3,367,000 after acquiring an additional 7,646 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on CAMT shares. B. Riley Financial restated a “buy” rating on shares of Camtek in a report on Monday, April 20th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $185.00 price objective on shares of Camtek in a research report on Friday, April 17th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $145.00 price objective on shares of Camtek in a research report on Wednesday, February 18th. Jefferies Financial Group upped their price objective on shares of Camtek from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Barclays upped their price objective on shares of Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $174.33.
Camtek Trading Down 9.4%
Shares of CAMT stock opened at $164.21 on Friday. Camtek Ltd. has a 52-week low of $70.07 and a 52-week high of $215.99. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.46 and a current ratio of 8.35. The company has a 50-day simple moving average of $174.96 and a two-hundred day simple moving average of $149.37. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 188.75, a PEG ratio of 3.94 and a beta of 1.54.
Camtek (NASDAQ:CAMT – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $120.15 million. During the same period in the prior year, the firm posted $0.79 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. Research analysts anticipate that Camtek Ltd. will post 3.14 EPS for the current fiscal year.
About Camtek
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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