Camtek Ltd. (NASDAQ:CAMT) Shares Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. increased its holdings in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 86.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,479 shares of the semiconductor company's stock after buying an additional 51,279 shares during the quarter. Point72 Asset Management L.P. owned 0.24% of Camtek worth $8,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CAMT. Man Group plc purchased a new stake in Camtek during the 4th quarter valued at about $601,000. Nuveen Asset Management LLC grew its stake in Camtek by 2.9% during the 4th quarter. Nuveen Asset Management LLC now owns 152,485 shares of the semiconductor company's stock valued at $12,471,000 after purchasing an additional 4,362 shares during the last quarter. Noked Israel Ltd grew its stake in Camtek by 132.8% during the 4th quarter. Noked Israel Ltd now owns 348,054 shares of the semiconductor company's stock valued at $28,112,000 after purchasing an additional 198,554 shares during the last quarter. Focus Partners Wealth grew its stake in Camtek by 12.2% during the 4th quarter. Focus Partners Wealth now owns 11,237 shares of the semiconductor company's stock valued at $908,000 after purchasing an additional 1,218 shares during the last quarter. Finally, G2 Investment Partners Management LLC grew its stake in Camtek by 6.0% during the 4th quarter. G2 Investment Partners Management LLC now owns 113,257 shares of the semiconductor company's stock valued at $9,148,000 after purchasing an additional 6,444 shares during the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CAMT has been the topic of several research analyst reports. Barclays dropped their price target on Camtek from $120.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC dropped their price target on Camtek from $110.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. B. Riley boosted their price target on Camtek from $85.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Evercore ISI dropped their price target on Camtek from $100.00 to $82.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 14th. Finally, Northland Securities set a $105.00 price objective on Camtek in a report on Wednesday, May 14th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $90.78.

Camtek Stock Performance

Shares of CAMT stock traded down $0.01 on Friday, hitting $64.99. The company had a trading volume of 287,456 shares, compared to its average volume of 567,821. The firm has a market cap of $2.96 billion, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The company has a 50-day moving average price of $63.11 and a 200-day moving average price of $74.95. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $140.50.

Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The company had revenue of $118.64 million during the quarter, compared to analysts' expectations of $119.00 million. Camtek had a return on equity of 24.99% and a net margin of 27.61%. Camtek's quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS. As a group, equities research analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

Camtek 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.