Guggenheim Capital LLC Purchases New Holdings in Camtek Ltd. (NASDAQ:CAMT)

Guggenheim Capital LLC bought a new position in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,179 shares of the semiconductor company's stock, valued at approximately $1,388,000.

Other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in 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 purchasing an additional 324 shares during the last quarter. Huntington National Bank grew its position in Camtek by 42.4% during the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock valued at $33,000 after buying an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Camtek during the third quarter worth about $53,000. Optimum Investment Advisors raised its position in 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 acquiring an additional 650 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in Camtek in the fourth quarter valued at about $209,000. Institutional investors own 41.93% of the company's stock.

Camtek Price Performance

Shares of CAMT stock traded down $0.39 during trading hours on Friday, hitting $66.55. The stock had a trading volume of 440,027 shares, compared to its average volume of 574,390. 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 stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.89 and a beta of 1.42. Camtek Ltd. has a one year low of $47.41 and a one year high of $140.50. The stock's 50-day moving average price is $64.75 and its two-hundred day moving average price is $76.79.

Camtek (NASDAQ:CAMT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a net margin of 27.61% and a return on equity of 24.99%. Equities analysts forecast that Camtek Ltd. will post 2.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CAMT. StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a report on Wednesday. Cantor Fitzgerald started coverage on shares of Camtek in a report on Monday, January 13th. They set a "neutral" rating and a $100.00 price objective on the stock. Northland Securities lifted their target price on shares of Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Jefferies Financial Group cut their price objective on shares of Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, Needham & Company LLC reissued a "buy" rating and set a $110.00 target price on shares of Camtek in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Camtek currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.13.

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.