Thrivent Financial for Lutherans lowered its position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 79.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,531 shares of the semiconductor company's stock after selling 13,374 shares during the quarter. Thrivent Financial for Lutherans' holdings in Camtek were worth $282,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CAMT. Fred Alger Management LLC purchased a new stake in shares of Camtek during the 2nd quarter valued at about $8,386,000. Meitav Investment House Ltd. boosted its stake in shares of Camtek by 14.1% in the third quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company's stock valued at $29,887,000 after purchasing an additional 46,016 shares during the period. Squarepoint Ops LLC purchased a new stake in Camtek during the 2nd quarter worth $1,423,000. Millennium Management LLC lifted its holdings in Camtek by 34.0% in the 2nd quarter. Millennium Management LLC now owns 217,617 shares of the semiconductor company's stock worth $27,254,000 after buying an additional 55,234 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in Camtek by 7.5% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company's stock valued at $68,388,000 after buying an additional 60,088 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company's stock.
Camtek Stock Performance
CAMT traded up $1.13 during trading hours on Friday, hitting $72.72. 291,635 shares of the stock were exchanged, compared to its average volume of 503,713. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 1.38 and a beta of 1.34. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36. The stock has a 50-day simple moving average of $78.18 and a 200-day simple moving average of $93.80. Camtek Ltd. has a 12 month low of $60.90 and a 12 month high of $140.50.
Camtek (NASDAQ:CAMT - Get Free Report) last issued its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The business had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. During the same period in the previous year, the business earned $0.46 EPS. The firm's revenue was up 39.5% on a year-over-year basis. Analysts anticipate that Camtek Ltd. will post 2.53 earnings per share for the current year.
Analysts Set New Price Targets
CAMT has been the topic of a number of analyst reports. Northland Securities lifted their target price on Camtek from $99.00 to $102.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. StockNews.com raised Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $95.00 target price on shares of Camtek in a research note on Wednesday, November 13th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $110.57.
Check Out Our Latest Analysis 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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