Balyasny Asset Management L.P. Makes New Investment in Camtek Ltd. (NASDAQ:CAMT)

Balyasny Asset Management L.P. acquired a new stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 79,973 shares of the semiconductor company's stock, valued at approximately $6,459,000. Balyasny Asset Management L.P. owned approximately 0.18% of Camtek as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in shares of Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 324 shares in the last quarter. Huntington National Bank lifted its stake in shares of Camtek by 42.4% during the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock valued at $33,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Camtek in the 3rd quarter worth approximately $53,000. Optimum Investment Advisors raised its position in shares of Camtek by 43.3% during the 4th quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company's stock valued at $174,000 after buying an additional 650 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Camtek in the 4th quarter worth $209,000. 41.93% of the stock is owned by institutional investors.

Camtek Price Performance

Shares of CAMT traded down $0.59 during mid-day trading on Tuesday, hitting $68.61. 1,495,456 shares of the company were exchanged, compared to its average volume of 571,786. The company has a 50 day moving average of $62.90 and a 200-day moving average of $75.63. Camtek Ltd. has a 1-year low of $47.41 and a 1-year 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. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings results 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 expect that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on CAMT. Needham & Company LLC reiterated a "buy" rating and set a $110.00 target price on shares of Camtek in a report on Thursday, February 13th. Barclays dropped their price target on shares of Camtek from $120.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group lowered their price objective on Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. StockNews.com upgraded shares of Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, April 23rd. Finally, Bank of America decreased their price target on Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Two investment analysts have rated the stock with 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 stock has an average rating of "Moderate Buy" and an average price target of $103.13.

Camtek Company 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.