Bank of New York Mellon Corp Raises Holdings in Camtek Ltd. (NASDAQ:CAMT)

Bank of New York Mellon Corp grew its holdings in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 44.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,752 shares of the semiconductor company's stock after purchasing an additional 17,637 shares during the period. Bank of New York Mellon Corp owned about 0.13% of Camtek worth $4,665,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. grew its position in Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 145 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Camtek in the 3rd quarter worth approximately $53,000. Sanctuary Advisors LLC purchased a new position in shares of Camtek in the fourth quarter worth approximately $209,000. Prentiss Smith & Co. Inc. grew its position in Camtek by 10.8% during the fourth quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock valued at $225,000 after buying an additional 272 shares during the period. Finally, Stifel Financial Corp increased its holdings in Camtek by 77.3% during the third quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company's stock valued at $252,000 after buying an additional 1,374 shares during the last quarter. Hedge funds and other institutional investors own 41.93% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Cantor Fitzgerald started coverage on Camtek in a research report on Monday, January 13th. They issued a "neutral" rating and a $100.00 price target for the company. Barclays decreased their target price on shares of Camtek from $140.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Stifel Nicolaus reissued a "buy" rating and issued a $105.00 price objective on shares of Camtek in a research note on Thursday, December 12th. Northland Securities upped their target price on shares of Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Finally, Needham & Company LLC reissued a "buy" rating and set a $110.00 price target on shares of Camtek in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Camtek has a consensus rating of "Moderate Buy" and a consensus price target of $114.11.

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Camtek Stock Performance

CAMT traded down $1.73 on Friday, reaching $66.10. 241,859 shares of the stock were exchanged, compared to its average volume of 554,692. 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 company's 50-day moving average price is $82.79 and its 200 day moving average price is $80.50. The firm has a market capitalization of $3.00 billion, a PE ratio of 27.31, a PEG ratio of 1.89 and a beta of 1.38. Camtek Ltd. has a fifty-two week low of $62.13 and a fifty-two week high of $140.50.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its 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 forecast that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

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.