New York State Common Retirement Fund decreased its position in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 25.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 27,988 shares of the semiconductor company's stock after selling 9,742 shares during the period. New York State Common Retirement Fund owned about 0.06% of Camtek worth $2,261,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its holdings in shares of Camtek by 78.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 145 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Camtek during the third quarter valued at approximately $53,000. Sanctuary Advisors LLC bought a new position in Camtek in the fourth quarter valued at approximately $209,000. Prentiss Smith & Co. Inc. grew its stake in Camtek by 10.8% in the fourth quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock valued at $225,000 after purchasing an additional 272 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of Camtek by 77.3% during the 3rd quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company's stock worth $252,000 after purchasing an additional 1,374 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company's stock.
Camtek Stock Performance
Shares of NASDAQ CAMT traded up $0.80 during trading hours on Wednesday, reaching $71.08. 696,199 shares of the stock were exchanged, compared to its average volume of 552,119. The stock's fifty day simple moving average is $87.35 and its 200 day simple moving average is $82.78. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 29.37, a P/E/G ratio of 1.89 and a beta of 1.34. Camtek Ltd. has a 52 week low of $67.00 and a 52 week high of $140.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00.
Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Sell-side analysts predict that Camtek Ltd. will post 2.93 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms recently weighed in on CAMT. Cantor Fitzgerald assumed coverage on shares of Camtek in a research note on Monday, January 13th. They issued a "neutral" rating and a $100.00 target price for the company. Barclays decreased their price objective on shares of Camtek from $140.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $105.00 target price on shares of Camtek in a report on Thursday, December 12th. StockNews.com upgraded Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, Needham & Company LLC restated a "buy" rating and issued a $110.00 price objective on shares of Camtek in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $114.11.
Check Out Our Latest Analysis on CAMT
About Camtek
(
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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