Sphera Management Technology Funds Ltd bought a new stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 37,650 shares of the semiconductor company's stock, valued at approximately $3,041,000. Camtek makes up about 1.8% of Sphera Management Technology Funds Ltd's portfolio, making the stock its 10th largest holding. Sphera Management Technology Funds Ltd owned about 0.08% of Camtek at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Huntington National Bank boosted its holdings in shares of Camtek by 42.4% in the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 123 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Camtek by 3.3% during the fourth quarter. Cetera Investment Advisers now owns 5,288 shares of the semiconductor company's stock worth $427,000 after buying an additional 171 shares in the last quarter. Prentiss Smith & Co. Inc. boosted its holdings in Camtek by 10.8% during the fourth quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock worth $225,000 after buying an additional 272 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Camtek by 364.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock worth $33,000 after buying an additional 324 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Camtek by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 39,117 shares of the semiconductor company's stock worth $3,159,000 after buying an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 41.93% of the company's stock.
Camtek Price Performance
Shares of NASDAQ CAMT traded down $0.01 on Friday, hitting $64.99. The company's stock had a trading volume of 287,456 shares, compared to its average volume of 566,748. The stock has a 50 day moving average of $63.11 and a 200-day moving average of $74.98. 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 company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. 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 announced its quarterly earnings data on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. The business had revenue of $118.64 million for the quarter, compared to the consensus estimate of $119.00 million. Camtek had a net margin of 27.61% and a return on equity of 24.99%. The company's quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 earnings per share. As a group, research analysts predict that Camtek Ltd. will post 2.93 EPS for the current year.
Wall Street Analyst Weigh In
CAMT has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Camtek from a "sell" rating to a "hold" rating in a report on Wednesday. Needham & Company LLC decreased their price objective on shares of Camtek from $110.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Northland Securities set a $105.00 price objective on shares of Camtek in a report on Wednesday, May 14th. Evercore ISI decreased their price objective 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, Bank of America reduced their price target 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. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Camtek currently has an average rating of "Moderate Buy" and a consensus price target of $90.78.
Read Our Latest Report on CAMT
About Camtek
(
Free Report)
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.
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