State Street Corp Sells 9,460 Shares of Camtek Ltd. (NASDAQ:CAMT)

State Street Corp reduced its position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 43.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,433 shares of the semiconductor company's stock after selling 9,460 shares during the quarter. State Street Corp's holdings in Camtek were worth $993,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in shares of Camtek by 78.8% during the third quarter. Advisors Asset Management Inc. now owns 329 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 145 shares during the period. Van ECK Associates Corp raised its holdings in Camtek by 1.6% during the third quarter. Van ECK Associates Corp now owns 9,561 shares of the semiconductor company's stock worth $755,000 after buying an additional 148 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake 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 buying an additional 466 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of Camtek by 5.0% in the second quarter. Axxcess Wealth Management LLC now owns 12,329 shares of the semiconductor company's stock valued at $1,544,000 after buying an additional 586 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of Camtek by 14.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,851 shares of the semiconductor company's stock valued at $605,000 after buying an additional 613 shares during the last quarter. Institutional investors own 41.93% of the company's stock.

Camtek Stock Performance

NASDAQ:CAMT traded up $1.84 during trading on Friday, reaching $82.69. The company's stock had a trading volume of 217,922 shares, compared to its average volume of 216,661. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 38.11, a price-to-earnings-growth ratio of 1.36 and a beta of 1.35. Camtek Ltd. has a 12 month low of $65.18 and a 12 month high of $140.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28. The firm has a 50 day moving average of $77.80 and a 200-day moving average of $90.22.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The firm's quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 earnings per share. Research analysts expect that Camtek Ltd. will post 2.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CAMT. StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Needham & Company LLC restated a "buy" rating and issued a $95.00 target price on shares of Camtek in a report on Wednesday, November 13th. Stifel Nicolaus reiterated a "buy" rating and set a $105.00 price target on shares of Camtek in a report on Thursday, December 12th. Finally, Northland Securities increased their price target on Camtek from $99.00 to $102.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $109.88.

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.