Jump Financial LLC Sells 22,959 Shares of Camtek Ltd. (NASDAQ:CAMT)

Jump Financial LLC cut its holdings in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 29.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,360 shares of the semiconductor company's stock after selling 22,959 shares during the period. Jump Financial LLC owned about 0.12% of Camtek worth $4,471,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CAMT. Guggenheim Capital LLC acquired a new position in shares of Camtek during the 4th quarter worth approximately $1,388,000. Menora Mivtachim Holdings LTD. lifted its stake in Camtek by 81.8% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company's stock valued at $126,521,000 after acquiring an additional 705,000 shares during the last quarter. Phoenix Financial Ltd. grew its position in shares of Camtek by 39.5% in the 4th quarter. Phoenix Financial Ltd. now owns 128,178 shares of the semiconductor company's stock valued at $10,353,000 after acquiring an additional 36,300 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Camtek in the 4th quarter valued at about $4,334,000. Finally, Legal & General Group Plc grew its holdings in Camtek by 21.2% during the fourth quarter. Legal & General Group Plc now owns 102,131 shares of the semiconductor company's stock worth $8,353,000 after purchasing an additional 17,835 shares during the period. Institutional investors own 41.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Bank of America cut their price objective on Camtek from $105.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Cantor Fitzgerald assumed coverage on shares of Camtek in a report on Monday, January 13th. They set a "neutral" rating and a $100.00 target price for the company. StockNews.com downgraded shares of Camtek from a "hold" rating to a "sell" rating in a research report on Monday, April 14th. Barclays decreased 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, Needham & Company LLC reissued a "buy" rating and set a $110.00 price target on shares of Camtek in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Camtek has an average rating of "Moderate Buy" and an average price target of $107.50.

Camtek Price Performance

NASDAQ CAMT traded up $1.40 during midday trading on Tuesday, hitting $60.02. The company had a trading volume of 79,360 shares, compared to its average volume of 569,618. The company has a market capitalization of $2.74 billion, a PE ratio of 24.83, a P/E/G ratio of 1.89 and a beta of 1.42. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $140.50. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $66.54 and a 200-day moving average price of $77.24.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, analysts anticipate that Camtek Ltd. will post 2.93 earnings per share for the current fiscal 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.