Franklin Resources Inc. trimmed its holdings in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 302,353 shares of the semiconductor company's stock after selling 14,190 shares during the period. Franklin Resources Inc. owned approximately 0.67% of Camtek worth $26,489,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of CAMT. Advisors Asset Management Inc. boosted its position in shares of Camtek by 78.8% in the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 145 shares during the period. Van ECK Associates Corp lifted its stake in Camtek by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company's stock worth $755,000 after purchasing an additional 148 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Camtek by 23,300.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company's stock valued at $59,000 after purchasing an additional 466 shares during the period. Axxcess Wealth Management LLC grew its position in shares of Camtek by 5.0% during the 2nd quarter. Axxcess Wealth Management LLC now owns 12,329 shares of the semiconductor company's stock valued at $1,544,000 after purchasing an additional 586 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Camtek by 14.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,851 shares of the semiconductor company's stock worth $605,000 after purchasing an additional 613 shares during the period. Institutional investors own 41.93% of the company's stock.
Camtek Trading Up 3.8 %
Camtek stock traded up $3.13 during mid-day trading on Thursday, reaching $84.64. 1,652,000 shares of the company traded hands, compared to its average volume of 543,622. The firm's 50 day moving average price is $77.63 and its 200 day moving average price is $92.18. Camtek Ltd. has a 52-week low of $61.61 and a 52-week high of $140.50. 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 firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 39.00, a P/E/G ratio of 1.36 and a beta of 1.34.
Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $112.30 million for the quarter, compared to analysts' expectations of $108.51 million. Camtek had a return on equity of 24.21% 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 period in the prior year, the firm earned $0.46 earnings per share. On average, analysts anticipate that Camtek Ltd. will post 2.53 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently issued reports on CAMT. Northland Securities lifted their price objective on shares of Camtek from $99.00 to $102.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Needham & Company LLC restated a "buy" rating and issued a $95.00 target price on shares of Camtek in a report on Wednesday, November 13th. StockNews.com upgraded shares of Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $109.88.
Get Our Latest Stock 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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