Renaissance Technologies LLC lessened its holdings in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 63.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,540 shares of the semiconductor company's stock after selling 118,400 shares during the period. Renaissance Technologies LLC owned 0.15% of Camtek worth $5,617,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. HighTower Advisors LLC grew its holdings in shares of Camtek by 75.6% during the fourth quarter. HighTower Advisors LLC now owns 9,926 shares of the semiconductor company's stock valued at $802,000 after purchasing an additional 4,272 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in Camtek by 1.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 25,150 shares of the semiconductor company's stock worth $2,031,000 after buying an additional 381 shares during the last quarter. Stifel Financial Corp increased its position in Camtek by 77.3% in the third quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company's stock worth $252,000 after buying an additional 1,374 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Camtek by 9.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company's stock valued at $77,852,000 after acquiring an additional 81,709 shares during the period. Finally, Y.D. More Investments Ltd grew its position in shares of Camtek by 6.0% during the fourth quarter. Y.D. More Investments Ltd now owns 525,413 shares of the semiconductor company's stock worth $42,905,000 after acquiring an additional 29,580 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company's stock.
Camtek Price Performance
Shares of CAMT traded up $3.78 during mid-day trading on Wednesday, hitting $63.97. The company's stock had a trading volume of 452,195 shares, compared to its average volume of 570,835. 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 stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.89 and a beta of 1.42. Camtek Ltd. has a fifty-two week low of $47.41 and a fifty-two week high of $140.50. The firm has a 50-day moving average price of $65.98 and a 200 day moving average price of $77.13.
Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. On average, research analysts predict that Camtek Ltd. will post 2.93 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages recently weighed in on CAMT. Bank of America cut their price objective on shares of Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Northland Securities boosted their price objective on Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Needham & Company LLC restated a "buy" rating and issued a $110.00 target price on shares of Camtek in a research report on Thursday, February 13th. StockNews.com lowered Camtek from a "hold" rating to a "sell" rating in a research report on Monday, April 14th. Finally, Jefferies Financial Group lowered their price target on Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.13.
Check Out Our Latest Stock Analysis on CAMT
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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