Two Sigma Investments LP cut its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 22.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 509,575 shares of the semiconductor company's stock after selling 151,477 shares during the period. Two Sigma Investments LP owned approximately 1.12% of Camtek worth $41,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. State of Wyoming increased its position in Camtek by 146.2% during the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company's stock worth $163,000 after purchasing an additional 1,200 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Camtek by 25.4% during the 4th quarter. Royal Bank of Canada now owns 206,927 shares of the semiconductor company's stock worth $16,714,000 after buying an additional 41,865 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Camtek during the 4th quarter worth approximately $7,650,000. Point72 Asset Management L.P. raised its position in shares of Camtek by 86.6% during the 4th quarter. Point72 Asset Management L.P. now owns 110,479 shares of the semiconductor company's stock valued at $8,923,000 after buying an additional 51,279 shares during the period. Finally, Man Group plc acquired a new position in Camtek in the fourth quarter valued at approximately $601,000. Institutional investors and hedge funds own 41.93% of the company's stock.
Camtek Price Performance
CAMT opened at $65.78 on Wednesday. The stock's 50-day moving average price is $63.11 and its 200 day moving average price is $75.18. Camtek Ltd. has a 12-month low of $47.41 and a 12-month high of $140.50. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 1.89 and a beta of 1.36. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36.
Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. Camtek had a net margin of 27.61% and a return on equity of 24.99%. The company had revenue of $118.64 million for the quarter, compared to analyst estimates of $119.00 million. During the same period in the prior year, the firm earned $0.63 earnings per share. The business's revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, sell-side analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on CAMT shares. Bank of America lowered their price objective on Camtek from $105.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. B. Riley increased their price target on Camtek from $85.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Northland Securities set a $105.00 price objective on Camtek in a research report on Wednesday, May 14th. Needham & Company LLC reduced their price objective on shares of Camtek from $110.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Finally, Barclays decreased their target price on shares of Camtek from $120.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.78.
Check Out Our Latest Stock Analysis on Camtek
Camtek Company Profile
(
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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