Assenagon Asset Management S.A. acquired a new stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 18,000 shares of the semiconductor company's stock, valued at approximately $1,055,000.
Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in shares of Camtek by 10.5% in the 4th quarter. Van ECK Associates Corp now owns 10,566 shares of the semiconductor company's stock worth $853,000 after buying an additional 1,005 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in Camtek by 1.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 25,150 shares of the semiconductor company's stock worth $2,031,000 after acquiring an additional 381 shares during the period. Sanctuary Advisors LLC purchased a new position in Camtek in the fourth quarter valued at about $209,000. CogentBlue Wealth Advisors LLC purchased a new position in Camtek in the fourth quarter valued at about $1,373,000. Finally, Meitav Investment House Ltd. grew its position in shares of Camtek by 119.3% during the 4th quarter. Meitav Investment House Ltd. now owns 818,123 shares of the semiconductor company's stock valued at $66,159,000 after acquiring an additional 445,079 shares during the period. 41.93% of the stock is owned by hedge funds and other institutional investors.
Camtek Stock Performance
Shares of NASDAQ CAMT traded up $0.68 during mid-day trading on Thursday, hitting $74.98. The company had a trading volume of 192,664 shares, compared to its average volume of 558,074. The company has a current ratio of 5.28, a quick ratio of 4.27 and a debt-to-equity ratio of 0.34. Camtek Ltd. has a 1 year low of $47.41 and a 1 year high of $140.50. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 28.73, a P/E/G ratio of 2.02 and a beta of 1.29. The stock's 50-day moving average price is $66.97 and its 200-day moving average price is $74.32.
Camtek (NASDAQ:CAMT - Get Free Report) last issued its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $118.64 million during the quarter, compared to the consensus estimate of $119.00 million. Camtek had a return on equity of 24.57% and a net margin of 28.40%. The firm's revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 EPS. On average, sell-side analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on CAMT shares. B. Riley lifted their price target on shares of Camtek from $85.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Barclays decreased their target price on Camtek from $120.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group dropped their price target on Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Evercore ISI decreased their price objective on Camtek from $100.00 to $82.00 and set an "outperform" rating for the company in a report on Wednesday, May 14th. Finally, Wall Street Zen upgraded Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $90.78.
Check Out Our Latest Stock Analysis on CAMT
About Camtek
(
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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