Two Sigma Advisers LP Reduces Stake in Camtek Ltd. (NASDAQ:CAMT)

Two Sigma Advisers LP reduced its stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 617,100 shares of the semiconductor company's stock after selling 103,600 shares during the period. Two Sigma Advisers LP owned approximately 1.36% of Camtek worth $49,843,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its holdings in shares of Camtek by 364.0% in the fourth 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. 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 worth $33,000 after acquiring an additional 123 shares during the period. State of Wyoming raised its position in shares of Camtek by 146.2% in the fourth quarter. State of Wyoming now owns 2,021 shares of the semiconductor company's stock worth $163,000 after buying an additional 1,200 shares in the last quarter. Optimum Investment Advisors raised its position in shares of Camtek by 43.3% in the fourth quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company's stock worth $174,000 after buying an additional 650 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Camtek in the fourth quarter worth $209,000. 41.93% of the stock is owned by institutional investors.

Camtek Price Performance

NASDAQ:CAMT traded down $0.01 on Friday, reaching $64.99. 287,456 shares of the company's stock traded hands, compared to its average volume of 567,821. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. The stock has a 50-day simple moving average of $63.11 and a 200-day simple moving average of $74.95. The firm has a market cap of $2.96 billion, a PE ratio of 26.86, a P/E/G 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 posted its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported $0.79 EPS for the quarter, beating 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 business had revenue of $118.64 million for the quarter, compared to analysts' expectations of $119.00 million. During the same period last year, the firm earned $0.63 earnings per share. The business's quarterly revenue was up 22.3% on a year-over-year basis. Equities research analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current year.

Wall Street Analyst Weigh In

CAMT has been the topic of a number of recent analyst reports. Bank of America lowered their price objective on Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Barclays lowered their price objective on Camtek from $120.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Northland Securities set a $105.00 price target on Camtek in a research report on Wednesday, May 14th. Jefferies Financial Group lowered their price target on Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Finally, Evercore ISI lowered their price target on Camtek from $100.00 to $82.00 and set an "outperform" rating on the stock in a research 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.