Lbp Am Sa Sells 30,000 Shares of Camtek Ltd. (NASDAQ:CAMT)

LBP AM SA decreased its position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 14.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 172,400 shares of the semiconductor company's stock after selling 30,000 shares during the period. LBP AM SA owned 0.38% of Camtek worth $10,108,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Wasatch Advisors LP lifted 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 worth $96,341,000 after buying an additional 903,126 shares during the last quarter. Menora Mivtachim Holdings LTD. lifted 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 worth $126,521,000 after buying an additional 705,000 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Camtek in the fourth quarter worth about $30,956,000. Noked Israel Ltd lifted its position in shares of Camtek by 132.8% in the fourth quarter. Noked Israel Ltd now owns 348,054 shares of the semiconductor company's stock worth $28,112,000 after buying an additional 198,554 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Camtek by 46.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 483,245 shares of the semiconductor company's stock worth $39,032,000 after buying an additional 152,529 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company's stock.

Wall Street Analysts Forecast Growth

CAMT has been the subject of a number of analyst reports. Wall Street Zen raised Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Jefferies Financial Group reduced their price target on Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, March 28th. B. Riley boosted their price objective on Camtek from $85.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Cantor Fitzgerald set a $80.00 price objective on Camtek and gave the stock a "neutral" rating in a research report on Tuesday, June 24th. Finally, Needham & Company LLC cut 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. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $89.00.

Camtek Stock Performance

Camtek stock traded down $0.06 during trading hours on Friday, hitting $89.40. The stock had a trading volume of 184,642 shares, compared to its average volume of 550,110. The company has a 50-day moving average of $74.51 and a two-hundred day moving average of $75.05. The company has a quick ratio of 4.27, a current ratio of 5.28 and a debt-to-equity ratio of 0.34. The company has a market cap of $4.08 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 2.44 and a beta of 1.34. Camtek Ltd. has a fifty-two week low of $47.41 and a fifty-two week high of $133.55.

Camtek (NASDAQ:CAMT - Get Free Report) last posted 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. Camtek had a return on equity of 24.57% and a net margin of 28.40%. The firm had revenue of $118.64 million during the quarter, compared to analysts' expectations of $119.00 million. During the same quarter in the prior year, the firm posted $0.63 EPS. The company's revenue for the quarter was up 22.3% on a year-over-year basis. On average, equities research analysts anticipate that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Camtek 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.