Driehaus Capital Management LLC purchased a new position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 383,263 shares of the semiconductor company's stock, valued at approximately $30,956,000. Driehaus Capital Management LLC owned 0.84% of Camtek at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CAMT. Huntington National Bank raised its position in shares of Camtek by 42.4% during 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 period. Cetera Investment Advisers grew its stake in shares of Camtek by 3.3% in the 4th quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company's stock valued at $427,000 after purchasing an additional 171 shares during the period. Prentiss Smith & Co. Inc. increased its holdings in Camtek by 10.8% during the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock valued at $225,000 after purchasing an additional 272 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Camtek by 364.0% in the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock valued at $33,000 after buying an additional 324 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Camtek by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 39,117 shares of the semiconductor company's stock valued at $3,159,000 after buying an additional 360 shares during the period. Institutional investors and hedge funds own 41.93% of the company's stock.
Camtek Trading Down 0.1%
Shares of CAMT traded down $0.08 during mid-day trading on Wednesday, reaching $68.53. 213,825 shares of the company's stock traded hands, compared to its average volume of 570,389. 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 current ratio of 5.00 and a quick ratio of 4.11. The stock has a market cap of $3.12 billion, a P/E ratio of 28.32, a P/E/G ratio of 1.89 and a beta of 1.36. The stock's 50-day moving average is $62.90 and its two-hundred day moving average is $75.63.
Camtek (NASDAQ:CAMT - Get Free Report) last released 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 return on equity of 24.99% and a net margin of 27.61%. Research analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of analysts recently issued reports on CAMT shares. Evercore ISI lowered their target price on Camtek from $100.00 to $82.00 and set an "outperform" rating for the company in a research note on Wednesday. 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 note on Friday, March 28th. Barclays cut 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. Needham & Company LLC reduced their price objective on shares of Camtek from $110.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Bank of America cut their price objective on shares of Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $92.44.
Get Our Latest Stock Analysis on CAMT
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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