Camtek Ltd. (NASDAQ:CAMT) Holdings Cut by Federated Hermes Inc.

Federated Hermes Inc. reduced its stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 18.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 642,528 shares of the semiconductor company's stock after selling 146,233 shares during the period. Federated Hermes Inc. owned about 1.42% of Camtek worth $51,897,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC grew its stake 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 purchasing an additional 4,272 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of Camtek by 1.5% in 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 acquiring an additional 381 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Camtek by 3,300.3% in the 3rd quarter. Wellington Management Group LLP now owns 102,078 shares of the semiconductor company's stock valued at $8,154,000 after acquiring an additional 99,076 shares during the last quarter. Stifel Financial Corp raised its position in shares of Camtek by 77.3% during the 3rd quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company's stock valued at $252,000 after acquiring an additional 1,374 shares in the last quarter. Finally, Y.D. More Investments Ltd raised its position in shares of Camtek by 6.0% during the 4th quarter. Y.D. More Investments Ltd now owns 525,413 shares of the semiconductor company's stock valued at $42,905,000 after acquiring an additional 29,580 shares in the last quarter. Institutional investors own 41.93% of the company's stock.

Analyst Ratings Changes

CAMT has been the topic of a number of research reports. Needham & Company LLC reissued a "buy" rating and set a $110.00 target price on shares of Camtek in a report on Thursday, February 13th. StockNews.com upgraded Camtek from a "sell" rating to a "hold" rating in a research report on Sunday, April 6th. Jefferies Financial Group reduced their price objective on Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Barclays dropped their target price on Camtek from $140.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Finally, Northland Securities boosted their price target on shares of Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Two equities 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 stock. According to MarketBeat.com, Camtek currently has a consensus rating of "Moderate Buy" and an average price target of $110.22.

Camtek Price Performance

Shares of CAMT stock traded up $2.48 during mid-day trading on Friday, hitting $59.90. 335,441 shares of the stock traded hands, compared to its average volume of 574,184. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $140.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. The company's 50-day simple moving average is $70.07 and its 200-day simple moving average is $78.08. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS 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%. As a group, equities research analysts expect that Camtek Ltd. will post 2.93 earnings per share 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.