Eagle Global Advisors LLC Grows Stake 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 lifted its holdings in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 29.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 31,400 shares of the semiconductor company's stock after purchasing an additional 7,100 shares during the period. Eagle Global Advisors LLC owned about 0.07% of Camtek worth $1,841,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of Camtek by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 39,117 shares of the semiconductor company's stock worth $3,159,000 after acquiring an additional 360 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Camtek by 74.0% in the 4th quarter. Wells Fargo & Company MN now owns 12,231 shares of the semiconductor company's stock valued at $988,000 after purchasing an additional 5,200 shares during the last quarter. Invesco Ltd. raised its position in shares of Camtek by 25.5% in the 4th quarter. Invesco Ltd. now owns 278,621 shares of the semiconductor company's stock valued at $22,504,000 after purchasing an additional 56,590 shares during the last quarter. Legal & General Group Plc raised its position in shares of Camtek by 21.2% in the 4th quarter. Legal & General Group Plc now owns 102,131 shares of the semiconductor company's stock valued at $8,353,000 after purchasing an additional 17,835 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Camtek in the 4th quarter valued at approximately $4,334,000. Hedge funds and other institutional investors own 41.93% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on CAMT. B. Riley raised 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. Evercore ISI raised their target price on Camtek from $82.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Bank of America lowered Camtek from a "buy" rating to a "neutral" rating and set a $95.00 target price for the company. in a research note on Wednesday, August 6th. Barclays reduced 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. Finally, Northland Securities set a $105.00 price target on shares of Camtek in a research report on Wednesday, May 14th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Camtek has an average rating of "Moderate Buy" and an average target price of $96.10.

Camtek Price Performance

Shares of CAMT stock traded down $1.08 during mid-day trading on Thursday, hitting $87.05. 336,088 shares of the stock were exchanged, compared to its average volume of 472,617. Camtek Ltd. has a 52-week low of $47.41 and a 52-week high of $110.73. The company has a quick ratio of 4.38, a current ratio of 5.41 and a debt-to-equity ratio of 0.32. The company has a market cap of $3.97 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 2.25 and a beta of 1.31. The firm has a fifty day moving average of $85.62 and a 200 day moving average of $75.16.

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 analysts' consensus estimates of $0.79. Camtek had a return on equity of 23.95% and a net margin of 28.36%. The company had revenue of $123.32 million during the quarter, compared to analysts' expectations of $121.57 million. During the same quarter in the prior year, the firm posted $0.66 EPS. Camtek's quarterly revenue was up 20.2% compared to the same quarter last year. Research analysts anticipate that Camtek Ltd. will post 2.93 earnings per share for the current year.

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.