ARK Investment Management LLC Has $2.20 Million Holdings in Camtek Ltd. $CAMT

Key Points

• ARK Investment Management reduced its Camtek stake by 23.5%, selling 6,436 shares and ending the quarter with 20,950 shares valued at about $2.20 million.
• Camtek's latest quarter delivered $0.81 EPS (missed estimates by $0.02) while revenue of $128.12M beat forecasts and rose 9.2% year‑over‑year, with a 10.23% net margin and 23.61% ROE.
• Analysts have a consensus of "Moderate Buy" with an average target of $165.92 (eight Buys, six Holds) and several firms recently lifting targets into the $180–$190 range as the stock trades near its 12‑month high.

ARK Investment Management LLC reduced its holdings in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 23.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,950 shares of the semiconductor company's stock after selling 6,436 shares during the period. ARK Investment Management LLC's holdings in Camtek were worth $2,201,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Advisors Asset Management Inc. lifted its stake in shares of Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 293 shares during the period. Rothschild Investment LLC bought a new stake in Camtek in the third quarter worth approximately $54,000. AE Wealth Management LLC bought a new stake in Camtek in the third quarter worth approximately $210,000. Savant Capital LLC acquired a new position in Camtek in the third quarter valued at approximately $241,000. Finally, Lombard Odier Asset Management USA Corp bought a new position in shares of Camtek during the 2nd quarter worth approximately $267,000. 41.93% of the stock is owned by institutional investors.

Camtek Stock Performance

Shares of CAMT stock opened at $165.03 on Friday. The firm's 50 day moving average is $144.39 and its 200 day moving average is $118.32. The stock has a market capitalization of $7.52 billion, a P/E ratio of 175.57, a PEG ratio of 3.93 and a beta of 1.53. Camtek Ltd. has a 12 month low of $47.41 and a 12 month high of $174.61. The company has a current ratio of 8.35, a quick ratio of 7.31 and a debt-to-equity ratio of 0.84.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its earnings results 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). Camtek had a net margin of 10.23% and a return on equity of 23.61%. The company had revenue of $128.12 million for the quarter, compared to analysts' expectations of $127.10 million. During the same period in the previous year, the firm earned $0.77 EPS. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Camtek Ltd. will post 2.93 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Evercore restated an "outperform" rating and set a $190.00 price objective on shares of Camtek in a report on Wednesday, February 18th. Oppenheimer lifted their price target on shares of Camtek from $120.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, February 19th. Cantor Fitzgerald restated a "neutral" rating and set a $120.00 price target on shares of Camtek in a research note on Tuesday, December 16th. The Goldman Sachs Group reissued a "neutral" rating and set a $145.00 price objective on shares of Camtek in a report on Wednesday, February 18th. Finally, Stifel Nicolaus raised their target price on Camtek from $120.00 to $185.00 and gave the company a "buy" rating in a report on Wednesday, February 18th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $165.92.

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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