State of Tennessee Department of Treasury Decreases Stock Holdings in Camtek Ltd. (NASDAQ:CAMT)

State of Tennessee Department of Treasury lowered its position in Camtek Ltd. (NASDAQ:CAMT - Free Report) by 79.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,430 shares of the semiconductor company's stock after selling 39,245 shares during the quarter. State of Tennessee Department of Treasury's holdings in Camtek were worth $842,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CAMT. Huntington National Bank lifted its stake in Camtek by 42.4% during the fourth quarter. Huntington National Bank now owns 413 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 123 shares during the last quarter. Prentiss Smith & Co. Inc. lifted its position 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 worth $225,000 after buying an additional 272 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Camtek by 364.0% in the 4th 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 in the last quarter. Geode Capital Management LLC grew its position in shares of Camtek by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 39,117 shares of the semiconductor company's stock valued at $3,159,000 after buying an additional 360 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its stake in Camtek by 4.0% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 9,600 shares of the semiconductor company's stock worth $775,000 after acquiring an additional 366 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company's stock.

Camtek Stock Performance

Shares of NASDAQ:CAMT remained flat at $69.59 during midday trading on Thursday. 103,760 shares of the stock traded hands, compared to its average volume of 567,834. The stock has a market cap of $3.17 billion, a P/E ratio of 28.76, a PEG ratio of 1.89 and a beta of 1.36. Camtek Ltd. has a 1-year low of $47.41 and a 1-year high of $140.50. The company's 50-day moving average price is $63.00 and its 200 day moving average price is $75.96. 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 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 return on equity of 24.99% and a net margin of 27.61%. As a group, equities analysts expect that Camtek Ltd. will post 2.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com upgraded Camtek from a "sell" rating to a "hold" rating in a research report on Wednesday, April 23rd. Cantor Fitzgerald started coverage on Camtek in a report on Monday, January 13th. They issued a "neutral" rating and a $100.00 price objective for the company. Bank of America cut their target price on shares of Camtek from $105.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Needham & Company LLC reiterated a "buy" rating and set a $110.00 price target on shares of Camtek in a research note on Thursday, February 13th. Finally, Jefferies Financial Group dropped their price objective on shares of Camtek from $120.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Camtek currently has an average rating of "Moderate Buy" and a consensus target price of $103.13.

About Camtek

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.