Royce & Associates LP lowered its position in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,791 shares of the semiconductor company's stock after selling 8,836 shares during the period. Royce & Associates LP owned approximately 0.56% of Camtek worth $20,106,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of CAMT. Blue Trust Inc. grew its holdings in Camtek by 4.1% in the second quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company's stock valued at $341,000 after purchasing an additional 108 shares during the last quarter. Petra Financial Advisors Inc. grew its stake in Camtek by 1.5% in the 2nd quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company's stock valued at $1,038,000 after acquiring an additional 120 shares during the last quarter. Van ECK Associates Corp increased its holdings in Camtek by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company's stock valued at $755,000 after acquiring an additional 148 shares in the last quarter. Ellsworth Advisors LLC raised its position in Camtek by 3.4% during the second quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company's stock worth $926,000 after acquiring an additional 245 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Camtek by 23,300.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company's stock valued at $59,000 after purchasing an additional 466 shares in the last quarter. 41.93% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
CAMT has been the subject of a number of recent research reports. Northland Capmk raised shares of Camtek from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 5th. B. Riley dropped their price target on Camtek from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Needham & Company LLC restated a "buy" rating and issued a $95.00 price objective on shares of Camtek in a research report on Wednesday. Northland Securities increased their price objective on Camtek from $99.00 to $102.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, StockNews.com downgraded shares of Camtek from a "hold" rating to a "sell" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.57.
Check Out Our Latest Stock Report on Camtek
Camtek Trading Down 5.9 %
NASDAQ CAMT traded down $4.65 during trading hours on Friday, hitting $74.07. 905,725 shares of the company's stock were exchanged, compared to its average volume of 543,083. The business's 50 day moving average is $79.27 and its 200-day moving average is $95.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.29 and a current ratio of 5.28. Camtek Ltd. has a 12-month low of $59.33 and a 12-month high of $140.50. The firm has a market capitalization of $3.36 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of 1.50 and a beta of 1.38.
Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The company had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. During the same quarter in the prior year, the company posted $0.46 EPS. The company's quarterly revenue was up 39.5% compared to the same quarter last year. As a group, analysts anticipate that Camtek Ltd. will post 2.45 EPS for the current fiscal year.
Camtek Company Profile
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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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