Blueshift Asset Management LLC bought a new position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,819 shares of the semiconductor company's stock, valued at approximately $624,000.
Other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in shares of 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 last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Camtek by 23,300.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company's stock valued at $59,000 after buying an additional 466 shares during the period. Russell Investments Group Ltd. boosted its holdings in Camtek by 524.6% during the first quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company's stock worth $123,000 after buying an additional 1,238 shares during the last quarter. Gateway Wealth Partners LLC bought a new position in Camtek during the second quarter worth about $220,000. Finally, Susquehanna International Group Ltd. acquired a new position in shares of Camtek during the 2nd quarter worth about $237,000. Institutional investors and hedge funds own 41.93% of the company's stock.
Camtek Stock Up 1.1 %
CAMT traded up $0.77 during trading on Thursday, hitting $71.89. The company had a trading volume of 605,011 shares, compared to its average volume of 539,144. The company has a market capitalization of $3.26 billion, a PE ratio of 33.13, a PEG ratio of 1.30 and a beta of 1.38. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38. Camtek Ltd. has a one year low of $59.33 and a one year high of $140.50. The firm's 50-day moving average price is $78.74 and its 200 day moving average price is $94.96.
Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. The firm had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The company's revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. As a group, equities analysts expect that Camtek Ltd. will post 2.53 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $95.00 price target on shares of Camtek in a research report on Wednesday, November 13th. Northland Securities increased their target price on shares of Camtek from $99.00 to $102.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Northland Capmk raised shares of Camtek from a "hold" rating to a "strong-buy" rating in a report on Monday, August 5th. StockNews.com upgraded shares of Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Finally, B. Riley reduced their target price on Camtek from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $110.57.
View Our Latest Stock Report on Camtek
Camtek Company 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.
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