20,050 Shares in Camtek Ltd. (NASDAQ:CAMT) Purchased by USS Investment Management Ltd

USS Investment Management Ltd acquired a new position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,050 shares of the semiconductor company's stock, valued at approximately $1,619,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Jones Financial Companies Lllp raised its position in Camtek by 364.0% during the 4th quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock worth $33,000 after buying an additional 324 shares during the last quarter. Huntington National Bank increased its stake 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 holdings 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 purchasing an additional 1,200 shares during the last quarter. Optimum Investment Advisors lifted its position in Camtek by 43.3% during the fourth quarter. Optimum Investment Advisors now owns 2,150 shares of the semiconductor company's stock valued at $174,000 after purchasing an additional 650 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Camtek during the fourth quarter valued at $209,000. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on CAMT. B. Riley increased their price target on Camtek from $85.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Evercore ISI lowered their target price on Camtek from $100.00 to $82.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 14th. Wall Street Zen raised Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Needham & Company LLC decreased their price target on Camtek from $110.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Finally, Northland Securities set a $105.00 price objective on Camtek in a research report on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $90.78.

Camtek Price Performance

Shares of CAMT stock traded up $1.03 on Tuesday, reaching $66.02. 351,852 shares of the company were exchanged, compared to its average volume of 566,957. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 27.28, a P/E/G ratio of 1.89 and a beta of 1.36. The business has a 50-day moving average price of $63.12 and a 200 day moving average price of $74.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.11 and a current ratio of 5.00. Camtek Ltd. has a 1 year low of $47.41 and a 1 year 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 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The business had revenue of $118.64 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 earnings per share. Equities research analysts forecast that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

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.