Bank of New York Mellon Corp Has $2.87 Million Stock Holdings in Camtek Ltd. (NASDAQ:CAMT)

Key Points

• Bank of New York Mellon Corp has reduced its stake in Camtek Ltd. by 15.3%, now holding approximately 0.11% of the company's shares, which is valued at about $2.87 million.
• Several hedge funds increased their positions in Camtek during the first quarter, with Harel Insurance leading by purchasing an additional 16,200 shares to reach a total of 980,074 shares.
• Analysts have varying price targets for Camtek, with a consensus target of $89 and most ratings leaning towards a “buy” status, indicating positive sentiment in the market.

Bank of New York Mellon Corp trimmed its position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 15.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,895 shares of the semiconductor company's stock after selling 8,857 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.11% of Camtek worth $2,867,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CAMT. Huntington National Bank grew its position in Camtek by 42.4% during the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 123 shares during the period. State of Wyoming raised its stake in Camtek by 146.2% during the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company's stock valued at $163,000 after buying an additional 1,200 shares in the last quarter. Blue Trust Inc. raised its stake in Camtek by 9.0% during the first quarter. Blue Trust Inc. now owns 4,237 shares of the semiconductor company's stock valued at $248,000 after buying an additional 351 shares in the last quarter. Cetera Investment Advisers raised its stake in Camtek by 3.3% during the fourth quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company's stock valued at $427,000 after buying an additional 171 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Camtek by 44.1% in the 4th quarter. Hsbc Holdings PLC now owns 5,707 shares of the semiconductor company's stock worth $468,000 after purchasing an additional 1,746 shares during the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Camtek Trading Down 2.2%

Shares of Camtek stock traded down $2.13 on Thursday, hitting $96.22. 131,731 shares of the company's stock traded hands, compared to its average volume of 469,610. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.28 and a quick ratio of 4.27. Camtek Ltd. has a one year low of $47.41 and a one year high of $110.73. The firm's 50-day moving average price is $80.72 and its two-hundred day moving average price is $75.79. The stock has a market capitalization of $4.39 billion, a PE ratio of 36.83, a price-to-earnings-growth ratio of 2.68 and a beta of 1.34.

Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. Camtek had a net margin of 28.40% and a return on equity of 24.57%. The business had revenue of $118.64 million during the quarter, compared to analysts' expectations of $119.00 million. During the same quarter in the prior year, the company earned $0.63 EPS. The firm's quarterly revenue was up 22.3% on a year-over-year basis. On average, research analysts expect that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on CAMT. Cantor Fitzgerald set a $80.00 target price on Camtek and gave the company a "neutral" rating in a research report on Tuesday, June 24th. Stifel Nicolaus raised their price objective on Camtek from $84.00 to $98.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. 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. Wall Street Zen raised Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Oppenheimer initiated coverage on Camtek in a research report on Wednesday, July 2nd. They set an "outperform" rating and a $100.00 price objective for the company. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Camtek currently has an average rating of "Moderate Buy" and an average price target of $89.00.

Camtek Company Profile

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.