Oppenheimer Asset Management Inc. acquired a new position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 18,783 shares of the semiconductor company's stock, valued at approximately $1,101,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its holdings 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 acquiring an additional 324 shares in the last quarter. Huntington National Bank lifted its position in 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 purchasing an additional 123 shares during the period. State of Wyoming boosted its holdings in Camtek by 146.2% in the 4th quarter. State of Wyoming now owns 2,021 shares of the semiconductor company's stock valued at $163,000 after purchasing an additional 1,200 shares in the last quarter. Optimum Investment Advisors increased its position in Camtek by 43.3% during the 4th quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company's stock worth $174,000 after purchasing an additional 650 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of Camtek during the 4th quarter worth approximately $209,000. 41.93% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in 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. Barclays decreased their target price on shares of Camtek from $120.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Oppenheimer began coverage on shares of Camtek in a report on Wednesday. They issued an "outperform" rating and a $100.00 price target for the company. Wall Street Zen upgraded shares of Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Bank of America decreased their price objective on shares of Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $89.70.
Get Our Latest Stock Report on CAMT
Camtek Price Performance
Shares of Camtek stock traded up $5.74 during trading on Wednesday, hitting $87.78. 452,976 shares of the company were exchanged, compared to its average volume of 555,061. The firm has a 50 day moving average price of $70.72 and a 200 day moving average price of $74.67. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 33.64, a P/E/G ratio of 2.29 and a beta of 1.34. The company has a quick ratio of 4.27, a current ratio of 5.28 and a debt-to-equity ratio of 0.34. Camtek Ltd. has a fifty-two week low of $47.41 and a fifty-two week high of $140.50.
Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly 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 company had revenue of $118.64 million during the quarter, compared to analysts' expectations of $119.00 million. Camtek had a return on equity of 24.57% and a net margin of 28.40%. The business'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 firm posted $0.63 earnings per share. On average, equities analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.
Camtek 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.
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