Oak Ridge Investments LLC Buys Shares of 16,647 Camtek Ltd. (NASDAQ:CAMT)

Oak Ridge Investments LLC acquired a new stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,647 shares of the semiconductor company's stock, valued at approximately $1,329,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC purchased a new stake in Camtek during the first quarter worth about $55,026,000. Y.D. More Investments Ltd boosted its stake in Camtek by 723.7% during the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company's stock valued at $78,709,000 after acquiring an additional 550,854 shares during the last quarter. abrdn plc bought a new stake in shares of Camtek during the 3rd quarter valued at about $11,387,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Camtek during the third quarter valued at approximately $9,174,000. Finally, Fred Alger Management LLC bought a new stake in shares of Camtek in the 2nd quarter worth $8,386,000. Hedge funds and other institutional investors own 41.93% of the company's stock.

Camtek Trading Down 6.7 %

CAMT traded down $5.35 during trading on Friday, hitting $74.21. 1,030,375 shares of the stock were exchanged, compared to its average volume of 536,213. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 37.92, a P/E/G ratio of 1.65 and a beta of 1.38. Camtek Ltd. has a 1 year low of $54.44 and a 1 year high of $140.50. The firm has a 50 day simple moving average of $81.62 and a 200 day simple moving average of $95.53.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. The firm had revenue of $102.60 million for the quarter, compared to analysts' expectations of $101.26 million. Camtek had a return on equity of 22.57% and a net margin of 25.93%. The company's quarterly revenue was up 39.4% on a year-over-year basis. During the same period last year, the firm earned $0.38 EPS. As a group, equities analysts expect that Camtek Ltd. will post 2.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on CAMT. StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a research report on Friday, October 25th. Northland Capmk raised shares of Camtek from a "hold" rating to a "strong-buy" rating in a report on Monday, August 5th. B. Riley lowered their target price on Camtek from $150.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. 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. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $140.00 price objective on shares of Camtek in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $116.57.

About Camtek

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.