Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 11,269 Shares of Camtek Ltd. (NASDAQ:CAMT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 20.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,349 shares of the semiconductor company's stock after acquiring an additional 11,269 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.15% of Camtek worth $5,440,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Swiss National Bank lifted its position in shares of Camtek by 2.4% during the 4th quarter. Swiss National Bank now owns 59,008 shares of the semiconductor company's stock valued at $4,813,000 after acquiring an additional 1,369 shares during the period. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new stake in Camtek in the 4th quarter valued at about $7,105,000. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired a new position in Camtek during the 4th quarter worth approximately $2,421,000. Truvestments Capital LLC raised its stake in Camtek by 23.3% during the 4th quarter. Truvestments Capital LLC now owns 14,565 shares of the semiconductor company's stock worth $1,176,000 after buying an additional 2,752 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in Camtek by 75.6% in the fourth quarter. HighTower Advisors LLC now owns 9,926 shares of the semiconductor company's stock worth $802,000 after acquiring an additional 4,272 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors.

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Camtek Price Performance

Shares of Camtek stock traded down $1.65 during trading on Thursday, hitting $62.97. 211,259 shares of the stock traded hands, compared to its average volume of 551,452. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 1.89 and a beta of 1.38. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. Camtek Ltd. has a 52 week low of $62.13 and a 52 week high of $140.50. The firm's fifty day moving average is $81.50 and its 200-day moving average is $80.11.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 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%. Research analysts expect that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CAMT. Barclays reduced their price objective on shares of Camtek from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Stifel Nicolaus reiterated a "buy" rating and set a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. Cantor Fitzgerald started coverage on Camtek in a research note on Monday, January 13th. They set a "neutral" rating and a $100.00 price objective on the stock. Northland Securities upped their target price 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, Needham & Company LLC reissued a "buy" rating and set a $110.00 price target on shares of Camtek in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $114.11.

About Camtek

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.