7,715 Shares in Camtek Ltd. $CAMT Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in Camtek Ltd. (NASDAQ:CAMT) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 7,715 shares of the semiconductor company’s stock, valued at approximately $1,217,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Compass Financial Management LLC purchased a new stake in Camtek during the second quarter worth approximately $57,000. Annex Advisory Services LLC lifted its holdings in shares of Camtek by 51.1% during the 2nd quarter. Annex Advisory Services LLC now owns 15,272 shares of the semiconductor company’s stock valued at $2,491,000 after acquiring an additional 5,167 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Camtek by 6.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,072 shares of the semiconductor company’s stock valued at $314,000 after acquiring an additional 117 shares in the last quarter. Cim LLC boosted its position in Camtek by 168.7% during the 1st quarter. Cim LLC now owns 15,536 shares of the semiconductor company’s stock worth $2,355,000 after purchasing an additional 9,755 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Camtek by 46.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 95 shares during the period. 41.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CAMT has been the topic of a number of recent research reports. Needham & Company LLC boosted their price objective on Camtek from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Morgan Stanley lowered their target price on Camtek from $167.00 to $165.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 11th. Jefferies Financial Group raised their target price on Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Barclays upped their price target on Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Camtek in a research report on Tuesday, August 11th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $173.25.

Insider Buying and Selling

In other Camtek news, COO Ram Langer sold 6,387 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $172.32, for a total transaction of $1,100,607.84. Following the transaction, the chief operating officer owned 17,532 shares of the company’s stock, valued at $3,021,114.24. This trade represents a 26.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rafi Amit sold 6,250 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $170.52, for a total value of $1,065,750.00. Following the sale, the chief executive officer directly owned 55,350 shares in the company, valued at approximately $9,438,282. This represents a 10.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 26,843 shares of company stock worth $4,514,249. 79.40% of the stock is currently owned by insiders.

Camtek Price Performance

Shares of NASDAQ CAMT opened at $147.01 on Wednesday. The company has a quick ratio of 6.58, a current ratio of 7.38 and a debt-to-equity ratio of 0.69. Camtek Ltd. has a fifty-two week low of $80.61 and a fifty-two week high of $215.99. The business has a 50 day moving average price of $147.21 and a two-hundred day moving average price of $163.14. The firm has a market cap of $6.86 billion, a PE ratio of 229.71, a price-to-earnings-growth ratio of 3.14 and a beta of 1.56.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Monday, August 10th. The semiconductor company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The business had revenue of $133.24 million during the quarter, compared to the consensus estimate of $130.44 million. Camtek had a net margin of 7.40% and a return on equity of 21.58%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 earnings per share. Sell-side analysts expect that Camtek Ltd. will post 3.27 earnings per share for the current fiscal year.

Camtek Profile

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.