Camtek Ltd. (NASDAQ:CAMT) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 56.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,326 shares of the semiconductor company's stock after selling 4,321 shares during the period. Jennison Associates LLC's holdings in Camtek were worth $269,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAMT. Advisors Asset Management Inc. increased its position in shares of Camtek by 78.8% during the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 145 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Camtek in the 3rd quarter valued at $53,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Camtek by 23,300.0% during 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 during the last quarter. Prentiss Smith & Co. Inc. grew its stake in shares of Camtek by 10.8% during the fourth quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock worth $225,000 after purchasing an additional 272 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Camtek by 77.3% in the third quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company's stock valued at $252,000 after buying an additional 1,374 shares during the last quarter. Hedge funds and other institutional investors own 41.93% of the company's stock.

Camtek Stock Performance

NASDAQ:CAMT traded down $1.35 during midday trading on Tuesday, reaching $87.40. The stock had a trading volume of 775,676 shares, compared to its average volume of 626,021. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38. The stock has a market cap of $3.97 billion, a P/E ratio of 40.28, a P/E/G ratio of 1.43 and a beta of 1.34. The firm has a fifty day simple moving average of $86.73 and a two-hundred day simple moving average of $84.20. Camtek Ltd. has a 12-month low of $69.83 and a 12-month high of $140.50.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The firm had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. During the same quarter last year, the firm earned $0.46 earnings per share. The firm's revenue was up 39.5% compared to the same quarter last year. On average, equities analysts expect that Camtek Ltd. will post 2.53 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Cantor Fitzgerald assumed coverage on Camtek in a report on Monday, January 13th. They set a "neutral" rating and a $100.00 price target for the company. Stifel Nicolaus reaffirmed a "buy" rating and issued a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. StockNews.com upgraded shares of Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Barclays lowered their target price 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. 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 research report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Camtek presently has an average rating of "Moderate Buy" and a consensus target price of $112.44.

Camtek 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.