Lazard Asset Management LLC Has $1.96 Million Position in Camtek Ltd. (NASDAQ:CAMT)

Lazard Asset Management LLC cut its stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 51.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,248 shares of the semiconductor company's stock after selling 25,970 shares during the quarter. Lazard Asset Management LLC owned approximately 0.05% of Camtek worth $1,958,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAMT. Jones Financial Companies Lllp increased its stake in shares of Camtek by 364.0% in the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock valued at $33,000 after buying an additional 324 shares in the last quarter. Huntington National Bank increased its stake in shares of Camtek by 42.4% in the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock valued at $33,000 after buying an additional 123 shares in the last quarter. Optimum Investment Advisors increased its stake in shares of Camtek by 43.3% in the fourth quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company's stock valued at $174,000 after buying an additional 650 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Camtek in the fourth quarter valued at $209,000. Finally, Prentiss Smith & Co. Inc. increased its stake in shares of 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 buying an additional 272 shares in the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CAMT has been the subject of a number of research reports. Bank of America lowered their target price on Camtek from $105.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. B. Riley raised their target price on Camtek from $85.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Wall Street Zen upgraded Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday. Needham & Company LLC lowered their price objective on Camtek from $110.00 to $80.00 and set a "buy" rating for the company in a research report 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 for the company in a research report on Friday, March 28th. Two equities research 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.78.

Camtek Trading Down 0.0%

CAMT stock traded down $0.01 during midday trading on Friday, reaching $64.99. The stock had a trading volume of 287,456 shares, compared to its average volume of 566,748. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 1.89 and a beta of 1.36. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $140.50. The business has a fifty day simple moving average of $63.11 and a two-hundred day simple moving average of $74.98. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The company had revenue of $118.64 million during 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 revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 EPS. As a group, research analysts expect that Camtek Ltd. will post 2.93 EPS for the current fiscal 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.