Y Intercept Hong Kong Ltd raised its position in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 407.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,234 shares of the semiconductor company's stock after purchasing an additional 7,414 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Camtek were worth $737,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Camtek by 4.1% in the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company's stock valued at $341,000 after buying an additional 108 shares in the last quarter. Zweig DiMenna Associates LLC grew its position in Camtek by 18.0% in the second quarter. Zweig DiMenna Associates LLC now owns 196,750 shares of the semiconductor company's stock worth $24,641,000 after acquiring an additional 30,050 shares in the last quarter. EFG Asset Management North America Corp. bought a new stake in Camtek in the second quarter worth approximately $1,431,000. Bank of New York Mellon Corp increased its stake in shares of Camtek by 551.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,864 shares of the semiconductor company's stock worth $2,237,000 after purchasing an additional 15,120 shares during the last quarter. Finally, Shaker Investments LLC OH raised its holdings in shares of Camtek by 88.2% during the 2nd quarter. Shaker Investments LLC OH now owns 5,969 shares of the semiconductor company's stock valued at $748,000 after purchasing an additional 2,798 shares in the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Stifel Nicolaus reissued a "buy" rating and set a $105.00 price objective on shares of Camtek in a report on Thursday. 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. Finally, Northland Securities increased their price target on Camtek from $99.00 to $102.00 and gave the company an "outperform" rating in a 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $109.88.
Check Out Our Latest Report on Camtek
Camtek Stock Performance
CAMT stock traded up $1.10 on Friday, reaching $74.87. 270,358 shares of the company were exchanged, compared to its average volume of 534,150. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36. The firm has a market capitalization of $3.40 billion, a PE ratio of 34.50, a PEG ratio of 1.36 and a beta of 1.34. The stock's fifty day moving average price is $77.80 and its 200 day moving average price is $92.74. Camtek Ltd. has a 12 month low of $60.90 and a 12 month high of $140.50.
Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share 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 firm had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. The business's revenue was up 39.5% compared to the same quarter last year. On average, research analysts anticipate that Camtek Ltd. will post 2.53 EPS for the current fiscal year.
Camtek Profile
(
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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