Sei Investments Co. trimmed its stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 31.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,085 shares of the semiconductor company's stock after selling 27,836 shares during the quarter. Sei Investments Co. owned approximately 0.13% of Camtek worth $4,853,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. Prentiss Smith & Co. Inc. lifted its position in shares of Camtek by 10.8% during the fourth quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock worth $225,000 after purchasing an additional 272 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock valued at $33,000 after buying an additional 324 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in Camtek by 4.0% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 9,600 shares of the semiconductor company's stock worth $775,000 after buying an additional 366 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of Camtek by 1.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 25,150 shares of the semiconductor company's stock worth $2,031,000 after acquiring an additional 381 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Camtek in the 3rd quarter worth approximately $53,000. 41.93% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Barclays reduced their price objective on Camtek from $140.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Stifel Nicolaus restated a "buy" rating and issued a $105.00 price target on shares of Camtek in a research report on Thursday, December 12th. StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a research report on Sunday. Northland Securities raised their target price on shares of Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Finally, Cantor Fitzgerald assumed coverage on Camtek in a report on Monday, January 13th. They set a "neutral" rating and a $100.00 target price for the company. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $110.22.
Check Out Our Latest Research Report on CAMT
Camtek Stock Performance
Shares of NASDAQ CAMT traded down $2.15 during midday trading on Friday, hitting $50.56. 660,541 shares of the company's stock were exchanged, compared to its average volume of 566,678. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $140.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. The firm has a market cap of $2.31 billion, a P/E ratio of 20.89, a PEG ratio of 1.89 and a beta of 1.38. The stock's 50 day moving average price is $74.49 and its 200-day moving average price is $79.06.
Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (EPS) 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%. Equities research analysts anticipate that Camtek Ltd. will post 2.93 EPS for the current year.
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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