Pier Capital LLC raised its holdings in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 44.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,920 shares of the semiconductor company's stock after acquiring an additional 28,434 shares during the period. Pier Capital LLC owned about 0.20% of Camtek worth $7,420,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its position in Camtek by 78.8% in the third 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 during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Camtek by 23,300.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company's stock worth $59,000 after purchasing an additional 466 shares during the last quarter. Gateway Wealth Partners LLC bought a new stake in shares of Camtek during the second quarter worth about $220,000. Susquehanna International Group Ltd. bought a new stake in shares of Camtek during the second quarter worth about $237,000. Finally, Maven Securities LTD bought a new stake in shares of Camtek during the second quarter worth about $241,000. Institutional investors own 41.93% of the company's stock.
Camtek Trading Up 1.6 %
Shares of Camtek stock traded up $1.13 during midday trading on Friday, reaching $72.72. The company had a trading volume of 291,635 shares, compared to its average volume of 503,713. The stock has a fifty day moving average price of $78.18 and a 200 day moving average price of $93.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36. The firm has a market cap of $3.30 billion, a PE ratio of 33.51, a P/E/G ratio of 1.38 and a beta of 1.34. Camtek Ltd. has a fifty-two week low of $60.90 and a fifty-two week high of $140.50.
Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The firm had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. During the same period in the previous year, the firm earned $0.46 earnings per share. The company's revenue was up 39.5% compared to the same quarter last year. On average, equities analysts anticipate that Camtek Ltd. will post 2.53 earnings per share for the current year.
Wall Street Analysts Forecast Growth
CAMT has been the topic of several research reports. Needham & Company LLC restated a "buy" rating and set a $95.00 price target on shares of Camtek in a report on Wednesday, November 13th. StockNews.com upgraded Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, Northland Securities boosted their price target on Camtek from $99.00 to $102.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $110.57.
Check Out Our Latest Research Report 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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