Ariose Capital Management Ltd Invests $3.90 Million in Camtek Ltd. $CAMT

Key Points

• Ariose Capital opened a new position in Camtek, buying 36,700 shares worth about $3.90 million, which represents roughly 1.3% of Ariose’s portfolio and 0.08% ownership of Camtek.
• Camtek reported quarterly EPS of $0.81 (missing estimates by $0.02) while revenue rose 9.2% YoY to $128.12 million; the stock trades at a market cap of $9.3 billion with a high P/E (~216) and a 52-week range of $62.60–$210.20.
• Institutional investors own about 41.93% of Camtek, and analysts show a split view with an average "Moderate Buy" rating and a mean price target of $166.75 (seven Buy, seven Hold).

Ariose Capital Management Ltd purchased a new position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 36,700 shares of the semiconductor company's stock, valued at approximately $3,903,000. Camtek makes up approximately 1.3% of Ariose Capital Management Ltd's portfolio, making the stock its 11th biggest position. Ariose Capital Management Ltd owned 0.08% of Camtek at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new stake in Camtek in the 3rd quarter valued at approximately $1,503,000. Brown Capital Management LLC lifted its stake in Camtek by 1.2% in the 3rd quarter. Brown Capital Management LLC now owns 1,153,943 shares of the semiconductor company's stock valued at $121,222,000 after buying an additional 13,806 shares in the last quarter. Vanguard Group Inc. lifted its stake in Camtek by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,079,022 shares of the semiconductor company's stock valued at $113,454,000 after buying an additional 15,432 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Camtek by 42.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,694 shares of the semiconductor company's stock valued at $5,430,000 after buying an additional 15,490 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Camtek by 31.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 32,056 shares of the semiconductor company's stock valued at $3,367,000 after buying an additional 7,646 shares in the last quarter. Hedge funds and other institutional investors own 41.93% of the company's stock.

Camtek Stock Performance

NASDAQ:CAMT opened at $203.00 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 8.35 and a quick ratio of 7.31. The firm has a 50-day moving average of $166.13 and a two-hundred day moving average of $137.35. The stock has a market cap of $9.30 billion, a P/E ratio of 215.96, a PEG ratio of 4.61 and a beta of 1.56. Camtek Ltd. has a 1-year low of $62.60 and a 1-year high of $210.20.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.83 by ($0.02). The firm had revenue of $128.12 million during the quarter, compared to analysts' expectations of $127.10 million. Camtek had a net margin of 10.23% and a return on equity of 23.61%. The business's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 earnings per share. On average, research analysts expect that Camtek Ltd. will post 3.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CAMT has been the topic of a number of recent research reports. Bank of America upped their target price on Camtek from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, January 13th. B. Riley Financial reiterated a "buy" rating on shares of Camtek in a report on Monday. Northland Securities downgraded Camtek from an "outperform" rating to a "market perform" rating and set a $150.00 price target for the company. in a report on Wednesday, February 18th. Wall Street Zen upgraded Camtek from a "sell" rating to a "hold" rating in a report on Saturday, March 21st. Finally, Morgan Stanley boosted their price target on Camtek from $151.00 to $161.00 and gave the company an "equal weight" rating in a report on Tuesday, March 24th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $166.75.

Camtek Profile

Camtek Ltd. NASDAQ: CAMT is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek's core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.

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