Analog Century Management LP Buys 89,461 Shares of Camtek Ltd. $CAMT

Analog Century Management LP raised its stake in Camtek Ltd. (NASDAQ:CAMT) by 14.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 693,720 shares of the semiconductor company’s stock after buying an additional 89,461 shares during the quarter. Camtek comprises approximately 3.6% of Analog Century Management LP’s investment portfolio, making the stock its 15th biggest holding. Analog Century Management LP’s holdings in Camtek were worth $73,774,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CAMT. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Camtek by 56.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,665,236 shares of the semiconductor company’s stock valued at $177,090,000 after buying an additional 604,097 shares in the last quarter. Wasatch Advisors LP lifted its stake in Camtek by 18.6% in the second quarter. Wasatch Advisors LP now owns 3,506,727 shares of the semiconductor company’s stock valued at $296,529,000 after buying an additional 550,072 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Camtek in the fourth quarter valued at approximately $57,772,000. Menora Mivtachim Holdings LTD. lifted its stake in Camtek by 31.1% in the third quarter. Menora Mivtachim Holdings LTD. now owns 2,099,351 shares of the semiconductor company’s stock valued at $220,537,000 after buying an additional 497,918 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Camtek by 169.8% in the third quarter. Millennium Management LLC now owns 479,053 shares of the semiconductor company’s stock valued at $50,325,000 after buying an additional 301,484 shares in the last quarter. Institutional investors own 41.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CAMT. B. Riley Financial reaffirmed a “buy” rating on shares of Camtek in a research note on Monday, April 20th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $145.00 price objective on shares of Camtek in a report on Wednesday, February 18th. Morgan Stanley lifted their price objective on shares of Camtek from $161.00 to $163.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Weiss Ratings upgraded shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 14th. Finally, Evercore reiterated an “outperform” rating and issued a $200.00 price target on shares of Camtek in a research note on Wednesday, May 13th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Camtek presently has a consensus rating of “Moderate Buy” and an average price target of $174.33.

Camtek Trading Up 5.0%

Camtek stock opened at $193.27 on Friday. The firm has a 50-day moving average of $177.22 and a 200-day moving average of $152.17. Camtek Ltd. has a one year low of $70.07 and a one year high of $215.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.35 and a quick ratio of 7.46. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 222.15, a P/E/G ratio of 4.64 and a beta of 1.54.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Camtek had a net margin of 9.63% and a return on equity of 22.26%. The company had revenue of $121.66 million during the quarter, compared to the consensus estimate of $120.15 million. During the same period in the prior year, the business posted $0.79 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities analysts expect that Camtek Ltd. will post 3.14 earnings per share for the current fiscal year.

About Camtek

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.