37,650 Shares in Camtek Ltd. (NASDAQ:CAMT) Bought by Sphera Management Technology Funds Ltd

Sphera Management Technology Funds Ltd bought a new position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,650 shares of the semiconductor company's stock, valued at approximately $3,041,000. Camtek makes up 1.8% of Sphera Management Technology Funds Ltd's holdings, making the stock its 10th largest position. Sphera Management Technology Funds Ltd owned about 0.08% of Camtek at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Huntington National Bank grew 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 acquiring an additional 123 shares during the period. Cetera Investment Advisers grew its holdings in shares of Camtek by 3.3% in the 4th quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company's stock worth $427,000 after acquiring an additional 171 shares during the period. Prentiss Smith & Co. Inc. grew its holdings in shares of Camtek by 10.8% in the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock worth $225,000 after acquiring an additional 272 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Camtek by 364.0% in the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 324 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Camtek by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 39,117 shares of the semiconductor company's stock worth $3,159,000 after acquiring an additional 360 shares during the period. 41.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CAMT shares. Bank of America lowered their price target on Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Needham & Company LLC lowered their target price on Camtek from $110.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Barclays lowered their target price on Camtek from $120.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group lowered their target price on Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, Evercore ISI lowered 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, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $90.78.

Camtek Trading Down 1.6%

Shares of Camtek stock traded down $1.07 during trading hours on Wednesday, reaching $64.71. 330,063 shares of the company's stock were exchanged, compared to its average volume of 569,147. Camtek Ltd. has a 52-week low of $47.41 and a 52-week high of $140.50. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The company has a fifty day moving average of $63.08 and a 200-day moving average of $75.11. The company has a current ratio of 5.00, a quick ratio of 4.11 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT - Get Free Report) last issued 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. Camtek had a return on equity of 24.99% and a net margin of 27.61%. The company had revenue of $118.64 million for the quarter, compared to analyst estimates of $119.00 million. During the same quarter in the prior year, the company posted $0.63 EPS. The business's revenue for the quarter was up 22.3% compared to the same quarter last year. Sell-side analysts forecast that Camtek Ltd. will post 2.93 EPS 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.