Raymond James Financial Inc. purchased a new stake in Camtek Ltd. (NASDAQ:CAMT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 53,664 shares of the semiconductor company's stock, valued at approximately $4,334,000. Raymond James Financial Inc. owned approximately 0.12% of Camtek at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. Huntington National Bank increased its stake in Camtek by 42.4% in the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 123 shares during the last quarter. Prentiss Smith & Co. Inc. grew its position in Camtek by 10.8% in the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock valued at $225,000 after buying an additional 272 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Camtek by 364.0% during 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. Geode Capital Management LLC lifted its holdings in Camtek by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 39,117 shares of the semiconductor company's stock valued at $3,159,000 after acquiring an additional 360 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of Camtek by 4.0% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 9,600 shares of the semiconductor company's stock valued at $775,000 after acquiring an additional 366 shares during the period. Hedge funds and other institutional investors own 41.93% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on CAMT. Jefferies Financial Group cut their price target on Camtek from $120.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, March 28th. StockNews.com raised Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, April 23rd. Barclays dropped 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. Cantor Fitzgerald started coverage on shares of Camtek in a research report on Monday, January 13th. They issued a "neutral" rating and a $100.00 price objective for the company. Finally, Bank of America decreased their price objective on shares of Camtek from $105.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.13.
View Our Latest Report on CAMT
Camtek Stock Performance
Shares of CAMT stock traded up $3.95 on Friday, hitting $69.83. 46,339 shares of the stock traded hands, compared to its average volume of 571,048. The company's fifty day moving average is $63.66 and its 200 day moving average is $76.36. Camtek Ltd. has a 1-year low of $47.41 and a 1-year high of $140.50. The company has a market capitalization of $3.18 billion, a PE ratio of 28.89, a PEG ratio of 1.89 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.00 and a quick ratio of 4.11.
Camtek (NASDAQ:CAMT - Get Free Report) last issued its earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 earnings per share (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, equities research analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current fiscal year.
Camtek Profile
(
Free Report)
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.
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