New York State Common Retirement Fund raised its stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 218.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,141 shares of the semiconductor company's stock after acquiring an additional 61,153 shares during the quarter. New York State Common Retirement Fund owned approximately 0.20% of Camtek worth $5,226,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in CAMT. Raymond James Financial Inc. purchased a new position in Camtek in the fourth quarter valued at about $4,334,000. HighTower Advisors LLC increased its position in shares of Camtek by 75.6% during the fourth quarter. HighTower Advisors LLC now owns 9,926 shares of the semiconductor company's stock worth $802,000 after purchasing an additional 4,272 shares in the last quarter. Swiss National Bank increased its position in shares of Camtek by 2.4% during the fourth quarter. Swiss National Bank now owns 59,008 shares of the semiconductor company's stock worth $4,813,000 after purchasing an additional 1,369 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Camtek by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 983,986 shares of the semiconductor company's stock worth $80,028,000 after purchasing an additional 14,702 shares in the last quarter. Finally, EFG Asset Management North America Corp. increased its position in shares of Camtek by 90.8% during the fourth quarter. EFG Asset Management North America Corp. now owns 43,944 shares of the semiconductor company's stock worth $3,552,000 after purchasing an additional 20,914 shares in the last quarter. 41.93% of the stock is currently owned by hedge funds and other institutional investors.
Camtek Price Performance
CAMT stock traded up $1.57 during trading on Friday, reaching $95.81. 242,995 shares of the company were exchanged, compared to its average volume of 370,538. The company has a market cap of $4.37 billion, a P/E ratio of 36.71, a PEG ratio of 2.57 and a beta of 1.34. Camtek Ltd. has a 52-week low of $47.41 and a 52-week high of $110.73. The stock's 50 day moving average price is $79.40 and its 200 day moving average price is $75.78. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.27 and a current ratio of 5.28.
Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. Camtek had a net margin of 28.40% and a return on equity of 24.57%. The company had revenue of $118.64 million for the quarter, compared to the consensus estimate of $119.00 million. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The company's revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on CAMT. Needham & Company LLC reduced their price target on Camtek from $110.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Evercore ISI reduced their price target on Camtek from $100.00 to $82.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 14th. Wall Street Zen raised shares of Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Jefferies Financial Group dropped their price objective on shares of Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, Cantor Fitzgerald set a $80.00 price objective on shares of Camtek and gave the company a "neutral" rating in a report on Tuesday, June 24th. Two research 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.com, Camtek presently has a consensus rating of "Moderate Buy" and an average price target of $89.00.
Read Our Latest Stock Report 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.
See Also
Before you consider Camtek, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Camtek wasn't on the list.
While Camtek currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access