Point72 Asset Management L.P. Acquires New Holdings in Camtek Ltd. (NASDAQ:CAMT)

Point72 Asset Management L.P. bought a new stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 59,200 shares of the semiconductor company's stock, valued at approximately $4,727,000. Point72 Asset Management L.P. owned about 0.13% of Camtek as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CAMT. Ellsworth Advisors LLC boosted its position in shares of Camtek by 3.4% during the 2nd 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 during the last quarter. Blue Trust Inc. raised its holdings in Camtek by 4.1% during the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company's stock valued at $341,000 after buying an additional 108 shares during the period. Petra Financial Advisors Inc. raised its holdings in Camtek by 1.5% during the 2nd quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company's stock valued at $1,038,000 after buying an additional 120 shares during the period. Zweig DiMenna Associates LLC raised its holdings in Camtek by 18.0% during the 2nd quarter. Zweig DiMenna Associates LLC now owns 196,750 shares of the semiconductor company's stock valued at $24,641,000 after buying an additional 30,050 shares during the period. Finally, EFG Asset Management North America Corp. purchased a new stake in Camtek during the 2nd quarter valued at $1,431,000. 41.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CAMT. StockNews.com upgraded Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Northland Securities increased their target price on Camtek from $99.00 to $102.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $95.00 target price on shares of Camtek in a research note on Wednesday, November 13th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Camtek presently has a consensus rating of "Buy" and a consensus target price of $110.57.

Camtek Stock Up 6.8 %

Shares of CAMT traded up $4.96 during midday trading on Monday, reaching $77.68. 1,097,995 shares of the stock were exchanged, compared to its average volume of 535,866. Camtek Ltd. has a 52 week low of $60.90 and a 52 week high of $140.50. The company has a current ratio of 5.28, a quick ratio of 4.36 and a debt-to-equity ratio of 0.38. The company's 50 day moving average is $78.18 and its two-hundred day moving average is $93.74. The company has a market capitalization of $3.52 billion, a P/E ratio of 33.51, a PEG ratio of 1.32 and a beta of 1.35.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.06. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The business had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. During the same quarter in the prior year, the company earned $0.46 EPS. The business's revenue was up 39.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Camtek Ltd. will post 2.53 earnings per share for the current 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.