Ardsley Advisory Partners LP Increases Stake in Camtek Ltd. (NASDAQ:CAMT)

Ardsley Advisory Partners LP increased its holdings in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 525.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 125,000 shares of the semiconductor company's stock after buying an additional 105,000 shares during the period. Camtek accounts for approximately 1.6% of Ardsley Advisory Partners LP's portfolio, making the stock its 15th largest holding. Ardsley Advisory Partners LP owned approximately 0.28% of Camtek worth $10,096,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CAMT. Jones Financial Companies Lllp lifted its stake in 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 purchasing an additional 324 shares during the last quarter. Huntington National Bank lifted its stake in Camtek by 42.4% in the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Camtek during the third quarter valued at about $53,000. Optimum Investment Advisors boosted its holdings in 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 acquiring an additional 650 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Camtek in the fourth quarter valued at approximately $209,000. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CAMT shares. Jefferies Financial Group decreased their price objective 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. Cantor Fitzgerald assumed coverage on shares of Camtek in a report on Monday, January 13th. They issued a "neutral" rating and a $100.00 price target on the stock. Needham & Company LLC restated a "buy" rating and issued a $110.00 price objective on shares of Camtek in a report on Thursday, February 13th. Barclays reduced their price target on Camtek from $120.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Northland Securities upped their target price on shares of Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $103.13.

Camtek Stock Performance

Camtek stock traded up $0.32 during midday trading on Tuesday, reaching $67.28. 161,238 shares of the company traded hands, compared to its average volume of 571,017. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. Camtek Ltd. has a 12 month low of $47.41 and a 12 month high of $140.50. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The business has a 50 day moving average of $63.10 and a two-hundred day moving average of $76.01.

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

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.