Two Sigma Advisers LP decreased its stake in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 617,100 shares of the semiconductor company's stock after selling 103,600 shares during the quarter. Two Sigma Advisers LP owned about 1.36% of Camtek worth $49,843,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. State of Wyoming boosted its position in shares of Camtek by 146.2% during the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company's stock worth $163,000 after acquiring an additional 1,200 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Camtek by 25.4% during the fourth quarter. Royal Bank of Canada now owns 206,927 shares of the semiconductor company's stock worth $16,714,000 after acquiring an additional 41,865 shares during the last quarter. Raiffeisen Bank International AG bought a new position in shares of Camtek during the fourth quarter worth $7,650,000. Point72 Asset Management L.P. boosted its position in shares of Camtek by 86.6% during the fourth quarter. Point72 Asset Management L.P. now owns 110,479 shares of the semiconductor company's stock worth $8,923,000 after acquiring an additional 51,279 shares during the last quarter. Finally, Man Group plc bought a new position in shares of Camtek during the fourth quarter worth $601,000. Institutional investors own 41.93% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. B. Riley upped their target price on shares of Camtek from $85.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Jefferies Financial Group lowered their price objective on shares of Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, March 28th. StockNews.com lowered shares of Camtek from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Barclays lowered their price objective on shares of Camtek from $120.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Northland Securities set a $105.00 price objective on shares of Camtek in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Camtek currently has an average rating of "Moderate Buy" and an average price target of $90.78.
View Our Latest Stock Report on CAMT
Camtek Price Performance
Camtek stock opened at $65.30 on Tuesday. The firm has a 50-day moving average price of $63.06 and a 200-day moving average price of $75.24. The firm has a market capitalization of $2.98 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. 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 Ltd. has a 12-month low of $47.41 and a 12-month high of $140.50.
Camtek (NASDAQ:CAMT - Get Free Report) last released its earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $118.64 million during the quarter, compared to analyst estimates of $119.00 million. Camtek had a net margin of 27.61% and a return on equity of 24.99%. The business's revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the business earned $0.63 EPS. As a group, equities research analysts forecast that Camtek Ltd. will post 2.93 EPS for the current year.
Camtek Profile
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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.
Further Reading
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