Jennison Associates LLC lowered its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 65.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,647 shares of the semiconductor company's stock after selling 14,426 shares during the quarter. Jennison Associates LLC's holdings in Camtek were worth $611,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in CAMT. Blue Trust Inc. increased its holdings in shares of Camtek by 4.1% in the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company's stock worth $341,000 after buying an additional 108 shares during the last quarter. Petra Financial Advisors Inc. increased its stake in Camtek by 1.5% in the second quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company's stock valued at $1,038,000 after acquiring an additional 120 shares during the last quarter. Van ECK Associates Corp increased its stake in Camtek by 1.6% in the third quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company's stock valued at $755,000 after acquiring an additional 148 shares during the last quarter. Ellsworth Advisors LLC lifted its stake in Camtek by 3.4% during the second quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company's stock worth $926,000 after purchasing an additional 245 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Camtek by 23,300.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company's stock worth $59,000 after purchasing an additional 466 shares in the last quarter. Hedge funds and other institutional investors own 41.93% of the company's stock.
Wall Street Analyst Weigh In
CAMT has been the subject of a number of recent research reports. Needham & Company LLC restated a "buy" rating and issued a $95.00 price objective on shares of Camtek in a report on Wednesday, November 13th. Northland Securities raised their price objective on Camtek from $99.00 to $102.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. B. Riley dropped their target price on Camtek from $150.00 to $140.00 and set a "buy" rating for the company in a report on Friday, August 2nd. StockNews.com upgraded Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday. Finally, Northland Capmk upgraded shares of Camtek from a "hold" rating to a "strong-buy" rating in a report on Monday, August 5th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Camtek presently has a consensus rating of "Buy" and a consensus price target of $110.57.
Read Our Latest Report on Camtek
Camtek Trading Down 0.8 %
CAMT stock traded down $0.57 on Friday, reaching $74.94. The company's stock had a trading volume of 296,320 shares, compared to its average volume of 551,215. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28. The business has a fifty day simple moving average of $78.92 and a two-hundred day simple moving average of $95.40. The firm has a market cap of $3.40 billion, a PE ratio of 34.53, a PEG ratio of 1.37 and a beta of 1.38. Camtek Ltd. has a 12-month low of $59.33 and a 12-month high of $140.50.
Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.06. The company had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. Camtek's revenue 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. As a group, research analysts forecast that Camtek Ltd. will post 2.53 EPS for the current year.
Camtek 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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