Quadrature Capital Ltd Buys Shares of 19,244 Camtek Ltd. (NASDAQ:CAMT)

Quadrature Capital Ltd acquired a new position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,244 shares of the semiconductor company's stock, valued at approximately $1,538,000.

Other hedge funds have also recently made changes to their positions in the company. Fred Alger Management LLC acquired a new stake in shares of Camtek during the 2nd quarter worth approximately $8,386,000. Meitav Investment House Ltd. boosted its position in shares of Camtek by 14.1% during the 3rd quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company's stock worth $29,887,000 after purchasing an additional 46,016 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Camtek in the 2nd quarter valued at about $1,423,000. Clal Insurance Enterprises Holdings Ltd increased its position in Camtek by 21.5% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company's stock valued at $121,734,000 after buying an additional 268,258 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Camtek by 34.0% during the 2nd quarter. Millennium Management LLC now owns 217,617 shares of the semiconductor company's stock worth $27,254,000 after buying an additional 55,234 shares during the period. 41.93% of the stock is owned by institutional investors.

Camtek Stock Up 1.6 %

NASDAQ:CAMT traded up $1.13 on Friday, hitting $72.72. The stock had a trading volume of 291,635 shares, compared to its average volume of 503,713. Camtek Ltd. has a 1 year low of $60.90 and a 1 year high of $140.50. The firm's fifty day simple moving average is $78.18 and its two-hundred day simple moving average is $93.85. The stock has a market cap of $3.30 billion, a P/E ratio of 33.51, a price-to-earnings-growth ratio of 1.38 and a beta of 1.34. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28.

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

Wall Street Analyst Weigh In

CAMT has been the topic of several research reports. Northland Securities upped their price objective on shares of Camtek from $99.00 to $102.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. StockNews.com upgraded shares of Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $95.00 price target on shares of Camtek in a research note on Wednesday, November 13th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $110.57.

Camtek Company 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.