Wasatch Advisors LP trimmed its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 32.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 289,658 shares of the semiconductor company's stock after selling 137,733 shares during the quarter. Wasatch Advisors LP owned approximately 0.64% of Camtek worth $23,129,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in CAMT. Clal Insurance Enterprises Holdings Ltd raised its position in Camtek by 21.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,515,452 shares of the semiconductor company's stock worth $121,734,000 after acquiring an additional 268,258 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Camtek by 7.5% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 856,453 shares of the semiconductor company's stock worth $68,388,000 after acquiring an additional 60,088 shares during the last quarter. Y.D. More Investments Ltd boosted its position in Camtek by 723.7% during the second quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company's stock worth $78,709,000 after purchasing an additional 550,854 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Camtek by 16.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 486,606 shares of the semiconductor company's stock valued at $38,855,000 after purchasing an additional 67,250 shares during the last quarter. Finally, Meitav Investment House Ltd. raised its position in shares of Camtek by 14.1% in the third quarter. Meitav Investment House Ltd. now owns 373,044 shares of the semiconductor company's stock valued at $29,887,000 after purchasing an additional 46,016 shares during the period. Institutional investors and hedge funds own 41.93% of the company's stock.
Camtek Price Performance
Shares of CAMT stock traded up $2.61 during trading hours on Friday, reaching $74.50. The company's stock had a trading volume of 281,390 shares, compared to its average volume of 567,854. The firm's 50 day simple moving average is $78.66 and its 200-day simple moving average is $94.63. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 1.35 and a beta of 1.38. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38. Camtek Ltd. has a fifty-two week low of $59.33 and a fifty-two week high of $140.50.
Camtek (NASDAQ:CAMT - Get Free Report) last issued 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. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The business had revenue of $112.30 million during the quarter, compared to the consensus estimate of $108.51 million. During the same period in the prior year, the firm posted $0.46 EPS. The firm's quarterly revenue was up 39.5% compared to the same quarter last year. Sell-side analysts forecast that Camtek Ltd. will post 2.53 earnings per share for the current year.
Analysts Set New Price Targets
CAMT has been the topic of several research analyst reports. Northland Capmk raised shares of Camtek from a "hold" rating to a "strong-buy" rating in a report on Monday, August 5th. Northland Securities increased their price objective on Camtek from $99.00 to $102.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $95.00 price target on shares of Camtek in a research report on Wednesday, November 13th. Finally, StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $110.57.
View Our Latest Analysis on CAMT
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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