ARK Investment Management LLC Decreases Holdings in Camtek Ltd. (NASDAQ:CAMT)

ARK Investment Management LLC trimmed its position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 33.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,170 shares of the semiconductor company's stock after selling 9,259 shares during the period. ARK Investment Management LLC's holdings in Camtek were worth $1,451,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Hood River Capital Management LLC raised its stake in Camtek by 1.9% in the first quarter. Hood River Capital Management LLC now owns 691,780 shares of the semiconductor company's stock valued at $57,950,000 after buying an additional 13,094 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Camtek during the 1st quarter worth about $55,026,000. Y.D. More Investments Ltd raised its position in shares of Camtek by 723.7% during the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company's stock worth $78,709,000 after acquiring an additional 550,854 shares in the last quarter. Meitav Investment House Ltd. lifted its stake in Camtek by 14.1% during the third quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company's stock worth $29,887,000 after purchasing an additional 46,016 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Camtek by 34.0% in the second quarter. Millennium Management LLC now owns 217,617 shares of the semiconductor company's stock valued at $27,254,000 after purchasing an additional 55,234 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Needham & Company LLC reissued a "buy" rating and set a $140.00 price objective on shares of Camtek in a report on Friday, August 2nd. StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a research report on Friday, October 25th. Northland Capmk raised Camtek from a "hold" rating to a "strong-buy" rating in a report on Monday, August 5th. Northland Securities upgraded Camtek from a "market perform" rating to an "outperform" rating and set a $99.00 price target on the stock in a research note on Monday, August 5th. Finally, B. Riley reduced their price objective on Camtek from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Camtek presently has a consensus rating of "Buy" and an average target price of $116.57.

Camtek Stock Performance

Camtek stock traded down $1.98 during mid-day trading on Friday, reaching $80.53. 325,965 shares of the company were exchanged, compared to its average volume of 438,439. The firm's 50-day simple moving average is $79.70 and its two-hundred day simple moving average is $95.61. Camtek Ltd. has a twelve month low of $58.55 and a twelve month high of $140.50. The firm has a market cap of $3.65 billion, a PE ratio of 41.09, a price-to-earnings-growth ratio of 1.58 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21.

Camtek Profile

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.