Voloridge Investment Management LLC cut its holdings in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 58.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,891 shares of the semiconductor company's stock after selling 85,187 shares during the quarter. Voloridge Investment Management LLC owned 0.13% of Camtek worth $4,918,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Camtek by 10.2% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,670,000 shares of the semiconductor company's stock valued at $135,743,000 after buying an additional 154,548 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its position in shares of Camtek by 81.8% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,566,433 shares of the semiconductor company's stock valued at $126,521,000 after buying an additional 705,000 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Camtek by 311.8% in the fourth quarter. Wasatch Advisors LP now owns 1,192,784 shares of the semiconductor company's stock valued at $96,341,000 after buying an additional 903,126 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Camtek by 32.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,135,453 shares of the semiconductor company's stock valued at $91,711,000 after buying an additional 279,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Camtek by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company's stock valued at $80,028,000 after buying an additional 14,702 shares in the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.
Camtek Trading Down 4.0%
Shares of Camtek stock traded down $2.75 during trading hours on Friday, hitting $66.28. The company's stock had a trading volume of 190,760 shares, compared to its average volume of 564,716. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $140.50. The firm has a fifty day moving average of $63.07 and a 200-day moving average of $74.43. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 27.39, a P/E/G ratio of 1.89 and a beta of 1.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00.
Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, beating the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 EPS. Research analysts forecast that Camtek Ltd. will post 2.93 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Bank of America dropped their price target 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 boosted their price target on Camtek from $85.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Wall Street Zen upgraded Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Needham & Company LLC lowered their price objective on Camtek from $110.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group lowered their price objective on Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Camtek has a consensus rating of "Moderate Buy" and a consensus price target of $90.78.
Check Out Our Latest Analysis on CAMT
About Camtek
(
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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