Palisades Investment Partners LLC Increases Stock Holdings in Camtek Ltd. (NASDAQ:CAMT)

Palisades Investment Partners LLC lifted its stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,709 shares of the semiconductor company's stock after buying an additional 5,789 shares during the quarter. Camtek makes up approximately 2.2% of Palisades Investment Partners LLC's portfolio, making the stock its 19th biggest position. Palisades Investment Partners LLC owned 0.14% of Camtek worth $5,227,000 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. USS Investment Management Ltd acquired a new position in Camtek in the fourth quarter valued at approximately $1,619,000. Vident Advisory LLC boosted its holdings in Camtek by 32.6% in the fourth quarter. Vident Advisory LLC now owns 6,411 shares of the semiconductor company's stock valued at $518,000 after purchasing an additional 1,576 shares in the last quarter. Sphera Management Technology Funds Ltd acquired a new position in Camtek in the fourth quarter valued at approximately $3,041,000. State of Wyoming boosted its holdings in Camtek by 146.2% in the fourth 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. Finally, Royal Bank of Canada boosted its holdings in Camtek by 25.4% in the fourth quarter. Royal Bank of Canada now owns 206,927 shares of the semiconductor company's stock valued at $16,714,000 after purchasing an additional 41,865 shares in the last quarter. 41.93% of the stock is owned by institutional investors and hedge funds.

Camtek Price Performance

NASDAQ:CAMT traded up $1.90 during trading hours on Tuesday, hitting $66.89. The company's stock had a trading volume of 112,567 shares, compared to its average volume of 566,031. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. The company has a market capitalization of $3.05 billion, a PE ratio of 27.72, a PEG ratio of 1.89 and a beta of 1.36. Camtek Ltd. has a 52-week low of $47.41 and a 52-week high of $140.50. The business's 50-day moving average is $63.12 and its two-hundred day moving average is $74.79.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. The company had revenue of $118.64 million for the quarter, compared to analyst estimates of $119.00 million. Camtek had a return on equity of 24.99% and a net margin of 27.61%. Camtek's revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. As a group, research analysts anticipate that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CAMT has been the subject of a number of research reports. Wall Street Zen upgraded Camtek from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Northland Securities set a $105.00 price objective on Camtek in a research note on Wednesday, May 14th. Evercore ISI reduced their price objective on Camtek from $100.00 to $82.00 and set an "outperform" rating for the company in a research note on Wednesday, May 14th. Bank of America reduced their price objective on Camtek from $105.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, B. Riley boosted their price objective on Camtek from $85.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Camtek currently has a consensus rating of "Moderate Buy" and an average target price of $90.78.

About Camtek

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.