Eagle Global Advisors LLC Increases Stock Holdings in Camtek Ltd. (NASDAQ:CAMT)

Key Points

• Eagle Global Advisors LLC increased its stake in Camtek Ltd. by 29.2% during the first quarter, owning 31,400 shares worth approximately $1.84 million.
• Camtek reported $123.32 million in revenue for the last quarter, exceeding analysts' expectations, with a notable 20.2% year-over-year growth.
• Analysts have mixed viewpoints on Camtek, with ratings ranging from "buy" to "hold," and a consensus target price of $96.10.

Eagle Global Advisors LLC boosted its stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 29.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,400 shares of the semiconductor company's stock after acquiring an additional 7,100 shares during the quarter. Eagle Global Advisors LLC owned about 0.07% of Camtek worth $1,841,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. State of Wyoming lifted its holdings in shares of Camtek by 146.2% in the 4th 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 during the period. Blue Trust Inc. lifted its holdings in shares of Camtek by 9.0% in the 1st 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 during the period. TD Asset Management Inc increased its stake in Camtek by 23.4% in the 1st quarter. TD Asset Management Inc now owns 5,474 shares of the semiconductor company's stock valued at $313,000 after purchasing an additional 1,039 shares in the last quarter. Cynosure Group LLC increased its stake in Camtek by 44.6% in the 1st quarter. Cynosure Group LLC now owns 5,864 shares of the semiconductor company's stock valued at $344,000 after purchasing an additional 1,808 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Camtek by 3.3% in the 4th quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company's stock valued at $427,000 after purchasing an additional 171 shares in the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on CAMT. Jefferies Financial Group set a $105.00 price objective on Camtek and gave the company a "buy" rating in a research note on Tuesday, August 5th. Evercore ISI raised their price objective on Camtek from $82.00 to $100.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Oppenheimer began coverage on Camtek in a research note on Wednesday, July 2nd. They issued an "outperform" rating and a $100.00 price objective for the company. Bank of America downgraded Camtek from a "buy" rating to a "neutral" rating and set a $95.00 price objective for the company. in a research note on Wednesday, August 6th. Finally, Barclays dropped their price objective on Camtek from $120.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $96.10.

Camtek Price Performance

Camtek stock traded down $3.11 during mid-day trading on Friday, hitting $83.94. 336,365 shares of the company were exchanged, compared to its average volume of 415,963. The company has a debt-to-equity ratio of 0.32, a current ratio of 5.41 and a quick ratio of 4.38. The business's 50 day simple moving average is $86.13 and its two-hundred day simple moving average is $75.16. The company has a market capitalization of $3.83 billion, a P/E ratio of 30.75, a PEG ratio of 2.26 and a beta of 1.31. Camtek Ltd. has a 12-month low of $47.41 and a 12-month high of $110.73.

Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. The company had revenue of $123.32 million during the quarter, compared to the consensus estimate of $121.57 million. Camtek had a return on equity of 23.95% and a net margin of 28.36%. Camtek's revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. Analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

About Camtek

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.