Camtek Ltd. (NASDAQ:CAMT) Shares Sold by PDT Partners LLC

PDT Partners LLC lessened its holdings in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 62.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,629 shares of the semiconductor company's stock after selling 17,986 shares during the period. PDT Partners LLC's holdings in Camtek were worth $859,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CAMT. The Manufacturers Life Insurance Company lifted its stake in shares of Camtek by 46.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 483,245 shares of the semiconductor company's stock worth $39,032,000 after acquiring an additional 152,529 shares during the last quarter. Nebula Research & Development LLC lifted its position in shares of Camtek by 9.8% during the fourth quarter. Nebula Research & Development LLC now owns 9,720 shares of the semiconductor company's stock worth $785,000 after purchasing an additional 864 shares during the last quarter. Oberweis Asset Management Inc. boosted its stake in shares of Camtek by 12.2% during the fourth quarter. Oberweis Asset Management Inc. now owns 199,980 shares of the semiconductor company's stock valued at $16,152,000 after purchasing an additional 21,800 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Camtek by 44.1% in the fourth quarter. Hsbc Holdings PLC now owns 5,707 shares of the semiconductor company's stock worth $468,000 after purchasing an additional 1,746 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in Camtek by 227.9% in the 4th quarter. Stifel Financial Corp now owns 10,332 shares of the semiconductor company's stock worth $835,000 after buying an additional 7,181 shares during the period. Institutional investors own 41.93% of the company's stock.

Camtek Stock Up 4.1 %

Shares of NASDAQ:CAMT traded up $2.69 on Friday, reaching $68.57. The company had a trading volume of 250,322 shares, compared to its average volume of 573,737. The firm has a market capitalization of $3.13 billion, a PE ratio of 28.33, a PEG 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 52-week low of $47.41 and a 52-week high of $140.50. The firm's 50 day simple moving average is $63.49 and its 200-day simple moving average is $76.22.

Camtek (NASDAQ:CAMT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (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%. As a group, analysts expect that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. 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. Bank of America lowered their price target on Camtek from $105.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Cantor Fitzgerald initiated coverage on Camtek in a report on Monday, January 13th. They set a "neutral" rating and a $100.00 price objective on the stock. StockNews.com raised Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, April 23rd. Finally, Needham & Company LLC reissued a "buy" rating and set a $110.00 price target on shares of Camtek in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $103.13.

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.