Wasatch Advisors LP Grows Stock Holdings in Camtek Ltd. (NASDAQ:CAMT)

Wasatch Advisors LP lifted its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 311.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,192,784 shares of the semiconductor company's stock after acquiring an additional 903,126 shares during the period. Wasatch Advisors LP owned approximately 2.63% of Camtek worth $96,341,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Stifel Financial Corp boosted its holdings in shares of Camtek by 77.3% in the 3rd quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company's stock worth $252,000 after purchasing an additional 1,374 shares in the last quarter. Virtu Financial LLC increased its position in Camtek by 104.7% during the 3rd quarter. Virtu Financial LLC now owns 8,302 shares of the semiconductor company's stock valued at $663,000 after purchasing an additional 4,247 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Camtek during the 3rd quarter worth approximately $53,000. Tidal Investments LLC increased its stake in shares of Camtek by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 20,914 shares of the semiconductor company's stock worth $1,670,000 after acquiring an additional 914 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Camtek by 9.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company's stock worth $77,852,000 after purchasing an additional 81,709 shares in the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Camtek Stock Performance

Shares of NASDAQ CAMT traded down $2.16 during midday trading on Monday, reaching $58.21. The company had a trading volume of 224,836 shares, compared to its average volume of 570,879. The stock has a market cap of $2.65 billion, a P/E ratio of 24.05, a P/E/G ratio of 1.89 and a beta of 1.42. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36. Camtek Ltd. has a 1 year low of $47.41 and a 1 year high of $140.50. The business's 50-day simple moving average is $67.11 and its 200 day simple moving average is $77.40.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. On average, analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CAMT shares. StockNews.com downgraded Camtek from a "hold" rating to a "sell" rating in a report on Monday, April 14th. Needham & Company LLC restated a "buy" rating and issued a $110.00 price target on shares of Camtek in a research report on Thursday, February 13th. Barclays dropped their target price on shares of Camtek from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Northland Securities lifted their price objective on shares of Camtek from $102.00 to $120.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group cut their price objective on Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, one has issued 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.com, the company has an average rating of "Moderate Buy" and a consensus price target of $107.50.

About Camtek

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.