The Manufacturers Life Insurance Company trimmed its position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 96.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,650 shares of the semiconductor company's stock after selling 289,106 shares during the period. The Manufacturers Life Insurance Company's holdings in Camtek were worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Headlands Technologies LLC bought a new stake in Camtek during the first quarter worth approximately $50,000. Russell Investments Group Ltd. raised its holdings in Camtek by 524.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company's stock valued at $123,000 after buying an additional 1,238 shares during the period. PNC Financial Services Group Inc. lifted its position in Camtek by 17.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company's stock worth $158,000 after buying an additional 340 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd purchased a new position in Camtek during the second quarter worth $250,000. Finally, Blue Trust Inc. increased its position in Camtek by 4.1% during the second quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company's stock valued at $341,000 after acquiring an additional 108 shares during the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on CAMT. Northland Securities raised shares of Camtek from a "market perform" rating to an "outperform" rating and set a $99.00 price target for the company in a research note on Monday, August 5th. B. Riley dropped their target price on Camtek from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Northland Capmk upgraded Camtek from a "hold" rating to a "strong-buy" rating in a report on Monday, August 5th. Finally, Needham & Company LLC reissued a "buy" rating and set a $140.00 price target on shares of Camtek in a research note on Friday, August 2nd. One 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $116.57.
Read Our Latest Report on CAMT
Camtek Stock Up 6.2 %
Shares of CAMT stock traded up $4.93 on Friday, hitting $84.16. The stock had a trading volume of 442,653 shares, compared to its average volume of 544,594. Camtek Ltd. has a one year low of $48.50 and a one year high of $140.50. The business has a 50 day moving average price of $85.08 and a 200 day moving average price of $95.63. The company has a market cap of $3.78 billion, a PE ratio of 47.55, a P/E/G ratio of 1.55 and a beta of 1.38. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42.
Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $102.60 million during the quarter, compared to analysts' expectations of $101.26 million. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The company's revenue was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 EPS. Research analysts anticipate that Camtek Ltd. will post 2.45 earnings per share for the current fiscal 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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