CogentBlue Wealth Advisors LLC Makes New Investment in Camtek Ltd. (NASDAQ:CAMT)

CogentBlue Wealth Advisors LLC purchased a new stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,000 shares of the semiconductor company's stock, valued at approximately $1,373,000. Camtek comprises about 1.2% of CogentBlue Wealth Advisors LLC's holdings, making the stock its 21st biggest position.

Several other hedge funds have also modified their holdings of CAMT. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Camtek by 21.5% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company's stock valued at $121,734,000 after purchasing an additional 268,258 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in Camtek by 32.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company's stock worth $91,711,000 after buying an additional 279,000 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in Camtek by 9.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company's stock worth $77,852,000 after buying an additional 81,709 shares during the last quarter. Two Sigma Advisers LP raised its position in Camtek by 107.5% during the 3rd quarter. Two Sigma Advisers LP now owns 720,700 shares of the semiconductor company's stock worth $57,548,000 after buying an additional 373,400 shares during the last quarter. Finally, Y.D. More Investments Ltd raised its position in Camtek by 6.0% during the 4th quarter. Y.D. More Investments Ltd now owns 525,413 shares of the semiconductor company's stock worth $42,905,000 after buying an additional 29,580 shares during the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CAMT has been the topic of a number of analyst reports. Barclays dropped their price objective on shares of Camtek from $140.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Needham & Company LLC reaffirmed a "buy" rating and set a $110.00 price objective on shares of Camtek in a research note on Thursday, February 13th. StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Northland Securities raised their price objective on shares of Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $105.00 price objective on shares of Camtek in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.11.

Camtek Price Performance

Camtek stock traded down $4.13 during trading on Friday, reaching $75.76. The company had a trading volume of 468,414 shares, compared to its average volume of 624,779. The firm's 50-day simple moving average is $88.28 and its 200 day simple moving average is $83.86. Camtek Ltd. has a 1-year low of $69.83 and a 1-year high of $140.50. The firm has a market capitalization of $3.44 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00.

Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. As a group, equities research analysts anticipate that Camtek Ltd. will post 2.93 earnings per share for the current fiscal 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.