Redwood Investments LLC Sells 7,019 Shares of Camtek Ltd. (NASDAQ:CAMT)

Redwood Investments LLC reduced its holdings in shares of Camtek Ltd. (NASDAQ:CAMT - Free Report) by 71.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,809 shares of the semiconductor company's stock after selling 7,019 shares during the quarter. Redwood Investments LLC's holdings in Camtek were worth $227,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CAMT. Jones Financial Companies Lllp lifted its holdings in shares of Camtek by 364.0% in the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the semiconductor company's stock valued at $33,000 after buying an additional 324 shares during the period. Huntington National Bank boosted its stake in shares of Camtek by 42.4% during the 4th 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. Optimum Investment Advisors grew its stake in Camtek by 43.3% in 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 in the last quarter. Sanctuary Advisors LLC acquired a new position in Camtek in the fourth quarter worth approximately $209,000. Finally, Prentiss Smith & Co. Inc. raised its holdings in shares of Camtek by 10.8% during the 4th quarter. Prentiss Smith & Co. Inc. now owns 2,786 shares of the semiconductor company's stock valued at $225,000 after purchasing an additional 272 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CAMT shares. Jefferies Financial Group lowered their target price on Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Bank of America decreased their price objective on Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Evercore ISI dropped their target price on shares of Camtek from $100.00 to $82.00 and set an "outperform" rating for the company in a research report on Wednesday, May 14th. Barclays reduced their price objective on Camtek from $120.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, B. Riley upped their price objective on Camtek from $85.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Camtek has a consensus rating of "Moderate Buy" and an average target price of $90.78.

Camtek Stock Up 0.4%

Shares of Camtek stock traded up $0.23 on Tuesday, hitting $65.53. The company had a trading volume of 227,504 shares, compared to its average volume of 512,612. 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 firm has a market capitalization of $2.99 billion, a P/E ratio of 27.08, a P/E/G ratio of 1.89 and a beta of 1.36. Camtek Ltd. has a twelve month low of $47.41 and a twelve month high of $140.50. The stock has a 50-day moving average of $63.06 and a 200-day moving average of $75.24.

Camtek (NASDAQ:CAMT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. Camtek had a return on equity of 24.99% and a net margin of 27.61%. The company had revenue of $118.64 million for the quarter, compared to analysts' expectations of $119.00 million. During the same quarter in the prior year, the business posted $0.63 EPS. The business's revenue was up 22.3% compared to the same quarter last year. Research analysts predict that Camtek Ltd. will post 2.93 earnings per share for the current 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.