Concentric Capital Strategies LP acquired a new position in Camtek Ltd. (NASDAQ:CAMT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 29,877 shares of the semiconductor company's stock, valued at approximately $2,413,000. Concentric Capital Strategies LP owned approximately 0.07% of Camtek at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of CAMT. HighTower Advisors LLC lifted its position in shares of Camtek by 75.6% in the fourth quarter. HighTower Advisors LLC now owns 9,926 shares of the semiconductor company's stock valued at $802,000 after acquiring an additional 4,272 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Camtek by 1.5% in the fourth 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 buying an additional 381 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Camtek by 9.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company's stock worth $77,852,000 after acquiring an additional 81,709 shares during the last quarter. Y.D. More Investments Ltd increased its stake in Camtek by 6.0% in the 4th quarter. Y.D. More Investments Ltd now owns 525,413 shares of the semiconductor company's stock worth $42,905,000 after acquiring an additional 29,580 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Camtek by 2.4% during the 4th quarter. Swiss National Bank now owns 59,008 shares of the semiconductor company's stock valued at $4,813,000 after acquiring an additional 1,369 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors.
Camtek Stock Down 3.5 %
CAMT traded down $2.40 on Friday, hitting $66.57. The company had a trading volume of 754,807 shares, compared to its average volume of 567,069. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 27.51, a P/E/G ratio of 1.89 and a beta of 1.36. The stock has a fifty day moving average price of $62.93 and a 200-day moving average price of $75.75. Camtek Ltd. has a 12-month low of $47.41 and a 12-month high of $140.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00.
Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 EPS 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%. Analysts predict that Camtek Ltd. will post 2.93 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have recently issued reports on CAMT. Jefferies Financial Group decreased their target price on shares of Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Needham & Company LLC restated a "buy" rating and set a $110.00 price target on shares of Camtek in a report on Thursday, February 13th. Bank of America dropped their price objective on shares of Camtek from $105.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Cantor Fitzgerald assumed coverage on shares of Camtek in a report on Monday, January 13th. They issued a "neutral" rating and a $100.00 target price for the company. Finally, Barclays dropped their target price on Camtek from $120.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Camtek presently has a consensus rating of "Moderate Buy" and an average target price of $103.13.
Check Out Our Latest Report on Camtek
Camtek Company 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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