Oppenheimer Asset Management Inc. Makes New Investment in Camtek Ltd. (NASDAQ:CAMT)

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.

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

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.