Zweig DiMenna Associates LLC Trims Stock Holdings in Camtek Ltd. (NASDAQ:CAMT)

Zweig DiMenna Associates LLC cut its position in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 31.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 134,425 shares of the semiconductor company's stock after selling 62,325 shares during the period. Zweig DiMenna Associates LLC owned approximately 0.30% of Camtek worth $10,734,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in Camtek by 4.1% in the second quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company's stock valued at $341,000 after purchasing an additional 108 shares during the last quarter. Petra Financial Advisors Inc. grew its holdings in Camtek by 1.5% during the second quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company's stock worth $1,038,000 after acquiring an additional 120 shares during the period. Ellsworth Advisors LLC raised its position in Camtek by 3.4% during the second quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company's stock valued at $926,000 after acquiring an additional 245 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Camtek by 17.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company's stock valued at $158,000 after acquiring an additional 340 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Camtek by 23,300.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company's stock valued at $59,000 after acquiring an additional 466 shares during the period. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CAMT. Northland Securities upgraded shares of Camtek from a "market perform" rating to an "outperform" rating and set a $99.00 target price for the company in a research note on Monday, August 5th. StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a research note on Friday. Needham & Company LLC restated a "buy" rating and issued a $140.00 price target on shares of Camtek in a research note on Friday, August 2nd. Northland Capmk raised Camtek from a "hold" rating to a "strong-buy" rating in a report on Monday, August 5th. Finally, B. Riley dropped their price objective on Camtek from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $116.57.

Camtek Price Performance

Shares of NASDAQ CAMT traded up $0.07 during mid-day trading on Friday, reaching $77.66. The company's stock had a trading volume of 232,947 shares, compared to its average volume of 537,501. The stock has a market capitalization of $3.49 billion, a P/E ratio of 43.88, a P/E/G ratio of 1.55 and a beta of 1.38. Camtek Ltd. has a 1-year low of $49.64 and a 1-year high of $140.50. The stock has a 50-day moving average of $83.39 and a two-hundred day moving average of $95.51. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21.

Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. The company had revenue of $102.60 million for the quarter, compared to analyst estimates of $101.26 million. Camtek had a return on equity of 22.57% and a net margin of 25.93%. The firm's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share. On average, equities research analysts anticipate that Camtek Ltd. will post 2.45 EPS for the current fiscal year.

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.