UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Holdings in Camtek Ltd. (NASDAQ:CAMT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 482,363 shares of the semiconductor company's stock after selling 4,243 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.06% of Camtek worth $38,960,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Huntington National Bank raised 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 purchasing an additional 123 shares in the last quarter. Cetera Investment Advisers boosted its stake in Camtek by 3.3% in 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. Prentiss Smith & Co. Inc. grew its position in Camtek by 10.8% in the fourth quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock valued at $225,000 after acquiring an additional 272 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Camtek by 364.0% in the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 324 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Camtek by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 39,117 shares of the semiconductor company's stock valued at $3,159,000 after purchasing an additional 360 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company's stock.

Camtek Price Performance

Shares of Camtek stock traded down $0.74 during trading on Wednesday, hitting $65.28. The stock had a trading volume of 258,288 shares, compared to its average volume of 566,599. 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 Ltd. has a 12 month low of $47.41 and a 12 month high of $140.50. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 1.89 and a beta of 1.36. The business's 50-day moving average is $63.06 and its 200 day moving average is $74.66.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its 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 business had revenue of $118.64 million for the quarter, compared to analyst estimates of $119.00 million. Camtek had a return on equity of 24.99% and a net margin of 27.61%. The company's quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 EPS. As a group, sell-side analysts anticipate that Camtek Ltd. will post 2.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CAMT. B. Riley lifted 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. Needham & Company LLC dropped their price objective on shares of Camtek from $110.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Barclays decreased their price target on shares of 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 upgraded shares of Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Jefferies Financial Group reduced their price objective on shares of Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Two investment 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.78.

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.