Oppenheimer Asset Management Inc. Sells 5,674 Shares of Camtek Ltd. $CAMT

Key Points

• Oppenheimer Asset Management reduced its stake in Camtek by 17.7%, selling 5,674 shares and now holds 26,382 shares worth about $2.81 million; institutional investors own roughly 41.9% of the company.
• Analysts show a consensus rating of Moderate Buy with an average target of $166.75, though opinions are split (seven Buy, seven Hold) and several firms recently adjusted price targets upward.
• Camtek reported Q EPS of $0.81 (missed by $0.02) and revenue of $128.12M (+9.2% YoY); the stock trades near $186.62 with an $8.55B market cap and a high P/E (~199), suggesting growth alongside rich valuation.

Oppenheimer Asset Management Inc. decreased its stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 17.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,382 shares of the semiconductor company's stock after selling 5,674 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.06% of Camtek worth $2,806,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of Camtek during the 3rd quarter valued at about $32,000. Advisors Asset Management Inc. boosted its stake in shares of Camtek by 61.6% during the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 293 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of Camtek during the 3rd quarter valued at about $54,000. Aventura Private Wealth LLC bought a new stake in shares of Camtek during the 4th quarter valued at about $108,000. Finally, Sovran Advisors LLC bought a new stake in shares of Camtek during the 4th quarter valued at about $155,000. Institutional investors own 41.93% of the company's stock.

Analysts Set New Price Targets

CAMT has been the topic of a number of research reports. B. Riley Financial reaffirmed a "buy" rating on shares of Camtek in a research note on Monday, April 20th. Stifel Nicolaus reissued a "hold" rating and set a $185.00 price objective on shares of Camtek in a research note on Friday, April 17th. Needham & Company LLC boosted their price objective on shares of Camtek from $160.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Zacks Research raised shares of Camtek from a "strong sell" rating to a "hold" rating in a research note on Monday, February 2nd. Finally, Bank of America boosted their price objective on shares of Camtek from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, January 13th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Camtek has a consensus rating of "Moderate Buy" and an average target price of $166.75.

Camtek Stock Performance

NASDAQ:CAMT opened at $186.62 on Monday. Camtek Ltd. has a one year low of $62.88 and a one year high of $210.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 8.35 and a quick ratio of 7.31. The company's 50-day simple moving average is $168.56 and its 200 day simple moving average is $139.69. The firm has a market capitalization of $8.55 billion, a P/E ratio of 198.53, a PEG ratio of 4.39 and a beta of 1.61.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.02). Camtek had a return on equity of 23.61% and a net margin of 10.23%.The business had revenue of $128.12 million for the quarter, compared to the consensus estimate of $127.10 million. During the same period in the previous year, the firm earned $0.77 EPS. The company's revenue was up 9.2% on a year-over-year basis. As a group, analysts forecast that Camtek Ltd. will post 3.12 EPS for the current fiscal year.

About Camtek

Camtek Ltd. NASDAQ: CAMT is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek's core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.

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