Raiffeisen Bank International AG Sells 10,000 Shares of Camtek Ltd. (NASDAQ:CAMT)

Key Points

• Raiffeisen Bank International AG reduced its stake in Camtek Ltd. by 10.5%, ending the quarter with 85,000 shares valued at approximately $5 million.
• Vanguard Group Inc. and Wellington Management Group LLP both increased their holdings in Camtek during the fourth quarter, contributing to institutional investors owning 41.93% of the stock.
• Multiple analysts have issued positive ratings on Camtek, with an average price target increase, reflecting a consensus rating of "Moderate Buy" and an average price target of $89.00.

Raiffeisen Bank International AG trimmed its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 10.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,000 shares of the semiconductor company's stock after selling 10,000 shares during the period. Raiffeisen Bank International AG owned approximately 0.19% of Camtek worth $5,015,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CAMT. Huntington National Bank boosted its stake in 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 purchasing an additional 123 shares in the last quarter. State of Wyoming increased its position in shares of Camtek by 146.2% during 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 during the last quarter. Blue Trust Inc. grew its position in Camtek by 9.0% in the 1st quarter. Blue Trust Inc. now owns 4,237 shares of the semiconductor company's stock valued at $248,000 after acquiring an additional 351 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of Camtek by 23.4% in the 1st quarter. TD Asset Management Inc now owns 5,474 shares of the semiconductor company's stock worth $313,000 after buying an additional 1,039 shares during the period. Finally, Cetera Investment Advisers lifted its stake 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 worth $427,000 after purchasing an additional 171 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on CAMT shares. Stifel Nicolaus raised their target price on Camtek from $84.00 to $98.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Wall Street Zen raised Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Northland Securities set a $105.00 target price on Camtek in a research report on Wednesday, May 14th. Jefferies Financial Group upped their price target on shares of Camtek from $85.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Evercore ISI dropped their target price on Camtek from $100.00 to $82.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Camtek currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.00.

Camtek Stock Down 8.7%

Shares of CAMT stock traded down $8.42 on Tuesday, hitting $88.35. The stock had a trading volume of 1,144,410 shares, compared to its average volume of 360,962. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 33.85, a P/E/G ratio of 2.64 and a beta of 1.31. Camtek Ltd. has a 52-week low of $47.41 and a 52-week high of $110.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.27 and a current ratio of 5.28. The stock's 50 day moving average is $83.67 and its 200-day moving average is $75.80.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The firm had revenue of $123.32 million for the quarter, compared to analysts' expectations of $121.57 million. Camtek had a return on equity of 24.57% and a net margin of 28.40%. Camtek's revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 earnings per share. As a group, research analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current 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.