Arrowstreet Capital Limited Partnership lowered its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 86.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,990 shares of the semiconductor company's stock after selling 123,549 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in Camtek were worth $1,534,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. 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. Wilmington Savings Fund Society FSB purchased a new position in Camtek during the 3rd quarter worth approximately $53,000. Optimum Investment Advisors raised its stake in Camtek by 43.3% during the 4th quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company's stock valued at $174,000 after purchasing an additional 650 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Camtek in the fourth quarter valued at $209,000. Finally, Prentiss Smith & Co. Inc. boosted its position 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. Institutional investors and hedge funds own 41.93% of the company's stock.
Camtek Stock Performance
Shares of CAMT stock traded down $2.31 during trading on Wednesday, reaching $58.03. The company had a trading volume of 30,207 shares, compared to its average volume of 569,945. The company has a market capitalization of $2.65 billion, a PE ratio of 23.98, a PEG ratio of 1.89 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. The firm's 50 day simple moving average is $68.79 and its two-hundred day simple moving average is $77.80. Camtek Ltd. has a one year low of $47.41 and a one year high of $140.50.
Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Sell-side analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current year.
Analysts Set New Price Targets
CAMT has been the topic of several recent analyst reports. Cantor Fitzgerald initiated coverage on Camtek in a research report on Monday, January 13th. They set a "neutral" rating and a $100.00 price target on the stock. Jefferies Financial Group reduced their price target on shares of Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Northland Securities upped their price objective on shares of Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Barclays decreased their target price 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. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $110.00 price target on shares of Camtek in a research note on Thursday, February 13th. One equities 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.
Get Our Latest Stock Report on CAMT
Camtek Profile
(
Free Report)
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.
Featured Stories
Before you consider Camtek, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Camtek wasn't on the list.
While Camtek currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
