First Trust Advisors LP Buys 4,010 Shares of Camtek Ltd. (NASDAQ:CAMT)

First Trust Advisors LP boosted its position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 10.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,902 shares of the semiconductor company's stock after buying an additional 4,010 shares during the quarter. First Trust Advisors LP owned 0.09% of Camtek worth $3,304,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CAMT. Virtu Financial LLC increased its position in Camtek by 104.7% during the third quarter. Virtu Financial LLC now owns 8,302 shares of the semiconductor company's stock worth $663,000 after buying an additional 4,247 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Camtek during the 3rd quarter worth about $53,000. Tidal Investments LLC grew its holdings in Camtek by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 20,914 shares of the semiconductor company's stock valued at $1,670,000 after buying an additional 914 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Camtek by 9.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company's stock worth $77,852,000 after buying an additional 81,709 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Camtek by 24.0% during the fourth quarter. Blue Trust Inc. now owns 4,986 shares of the semiconductor company's stock worth $398,000 after acquiring an additional 966 shares during the period. 41.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays cut 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. Bank of America dropped their price objective on Camtek from $105.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Cantor Fitzgerald began coverage on Camtek in a report on Monday, January 13th. They issued a "neutral" rating and a $100.00 target price on the stock. Jefferies Financial Group lowered their target price on Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $110.00 target price on shares of Camtek in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $103.13.

Camtek Stock Down 5.5 %

Shares of NASDAQ CAMT traded down $3.81 during trading hours on Friday, hitting $65.16. The company had a trading volume of 220,494 shares, compared to its average volume of 502,661. The firm's 50 day moving average is $63.00 and its 200-day moving average is $75.87. Camtek Ltd. has a 1-year low of $47.41 and a 1-year high of $140.50. The stock has a market capitalization of $2.97 billion, a P/E ratio of 26.93, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36.

Camtek (NASDAQ:CAMT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. On average, analysts expect that Camtek Ltd. will post 2.93 earnings per share 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.