Public Employees Retirement System of Ohio Boosts Holdings in Camtek Ltd. (NASDAQ:CAMT)

Public Employees Retirement System of Ohio raised its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,048 shares of the semiconductor company's stock after buying an additional 7,962 shares during the period. Public Employees Retirement System of Ohio owned about 0.20% of Camtek worth $7,200,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Huntington National Bank increased its holdings in shares of Camtek by 42.4% in the 4th quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock worth $33,000 after buying an additional 123 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Camtek by 3.3% during the 4th quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company's stock valued at $427,000 after purchasing an additional 171 shares during the last quarter. Prentiss Smith & Co. Inc. grew its holdings in shares of Camtek by 10.8% during the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock valued at $225,000 after purchasing an additional 272 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Camtek by 364.0% during the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 324 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Camtek by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 39,117 shares of the semiconductor company's stock valued at $3,159,000 after purchasing an additional 360 shares during the last quarter. Institutional investors own 41.93% of the company's stock.

Camtek Trading Down 4.0%

CAMT traded down $2.75 during trading on Friday, hitting $66.28. 190,760 shares of the stock traded hands, compared to its average volume of 564,716. The firm has a market capitalization of $3.02 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11. The firm has a 50-day moving average of $63.07 and a 200 day moving average of $74.40. Camtek Ltd. has a 12-month low of $47.41 and a 12-month high of $140.50.

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

Analysts Set New Price Targets

Several equities analysts recently commented on CAMT shares. Bank of America reduced their target price 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. Northland Securities set a $105.00 target price on shares of Camtek in a report on Wednesday, May 14th. Jefferies Financial Group reduced their target price 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. Evercore ISI reduced their target price on shares of Camtek from $100.00 to $82.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th. Finally, Wall Street Zen raised shares of Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $90.78.

Camtek Company 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.