Ameriprise Financial Inc. Grows Stake in Camtek Ltd. (NASDAQ:CAMT)

Ameriprise Financial Inc. raised its holdings in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 16.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,129 shares of the semiconductor company's stock after acquiring an additional 3,635 shares during the period. Ameriprise Financial Inc. owned about 0.06% of Camtek worth $2,030,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp lifted 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 acquiring an additional 324 shares during the last quarter. Huntington National Bank increased its holdings in 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 purchasing an additional 123 shares during the period. Optimum Investment Advisors increased 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 purchasing an additional 650 shares during the period. Sanctuary Advisors LLC purchased a new position in Camtek during the 4th quarter valued at about $209,000. Finally, Stratos Wealth Partners LTD. purchased a new position in Camtek during the 4th quarter valued at about $336,000. 41.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Northland Securities set a $105.00 target price on Camtek in a report on Wednesday, May 14th. Jefferies Financial Group reduced their target price on Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Needham & Company LLC reduced their target price on Camtek from $110.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Barclays reduced their target price on Camtek from $120.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Bank of America reduced their target price on Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Camtek has a consensus rating of "Moderate Buy" and a consensus target price of $90.78.

Camtek Trading Down 4.0%

Shares of Camtek stock traded down $2.75 on Friday, hitting $66.28. 190,760 shares of the company traded hands, compared to its average volume of 564,716. The stock's 50 day moving average price is $63.07 and its 200-day moving average price is $74.43. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36. Camtek Ltd. has a 52 week low of $47.41 and a 52 week high of $140.50. The company has a market cap of $3.02 billion, a PE ratio of 27.39, a PEG ratio of 1.89 and a beta of 1.36.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. Camtek had a net margin of 27.61% and a return on equity of 24.99%. The company had revenue of $118.64 million for the quarter, compared to analyst estimates of $119.00 million. During the same period last year, the company posted $0.63 earnings per share. Camtek's revenue was up 22.3% compared to the same quarter last year. Equities research analysts predict that Camtek Ltd. will post 2.93 EPS 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.