Chartwell Investment Partners LLC Invests $929,000 in Camtek Ltd. (NASDAQ:CAMT)

Chartwell Investment Partners LLC bought a new stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,638 shares of the semiconductor company's stock, valued at approximately $929,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Camtek by 7.5% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company's stock worth $68,388,000 after buying an additional 60,088 shares in the last quarter. Hood River Capital Management LLC lifted its holdings in shares of Camtek by 1.9% during 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 acquiring an additional 13,094 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of Camtek in the 1st quarter valued at $55,026,000. Y.D. More Investments Ltd grew its holdings in shares of Camtek by 723.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company's stock worth $78,709,000 after purchasing an additional 550,854 shares during the last quarter. Finally, Meitav Investment House Ltd. increased its position in shares of Camtek by 14.1% during the 3rd 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 in the last quarter. 41.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. StockNews.com cut shares of Camtek from a "hold" rating to a "sell" rating in a research report on Tuesday. Northland Capmk upgraded Camtek from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 5th. Needham & Company LLC restated a "buy" rating and set a $95.00 target price on shares of Camtek in a research report on Wednesday. B. Riley cut their price target on Camtek from $150.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Finally, Northland Securities lifted their price objective on Camtek from $99.00 to $102.00 and gave the stock an "outperform" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $110.57.

Camtek Stock Performance

Shares of NASDAQ:CAMT traded down $4.85 on Wednesday, hitting $79.91. The company had a trading volume of 758,285 shares, compared to its average volume of 541,521. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 1.70 and a beta of 1.38. The stock has a 50 day moving average price of $79.43 and a 200 day moving average price of $95.64. Camtek Ltd. has a 1-year low of $59.33 and a 1-year high of $140.50. The company has a current ratio of 5.21, a quick ratio of 4.29 and a debt-to-equity ratio of 0.42.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. The company 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 24.84% and a net margin of 26.53%. The firm's revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. Analysts expect that Camtek Ltd. will post 2.45 EPS for the current year.

Camtek Company 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.