Camtek Ltd. $CAMT Holdings Decreased by Wasatch Advisors LP

Wasatch Advisors LP decreased its position in Camtek Ltd. (NASDAQ:CAMT) by 13.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,728,318 shares of the semiconductor company’s stock after selling 439,679 shares during the quarter. Camtek accounts for 2.7% of Wasatch Advisors LP’s portfolio, making the stock its 3rd largest position. Wasatch Advisors LP owned about 0.06% of Camtek worth $413,640,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its position in Camtek by 144.5% during the first quarter. Blue Trust Inc. now owns 2,110 shares of the semiconductor company’s stock valued at $320,000 after acquiring an additional 1,247 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Camtek during the fourth quarter worth approximately $63,000. Virtu Financial LLC lifted its holdings in shares of Camtek by 139.6% in the 4th quarter. Virtu Financial LLC now owns 5,566 shares of the semiconductor company’s stock worth $592,000 after acquiring an additional 3,243 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Camtek in the 4th quarter worth approximately $603,000. Finally, Sphera Funds Management LTD. lifted its holdings in shares of Camtek by 36.0% in the 4th quarter. Sphera Funds Management LTD. now owns 39,498 shares of the semiconductor company’s stock worth $4,200,000 after acquiring an additional 10,450 shares during the last quarter. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Stock Down 8.5%

Shares of Camtek stock opened at $153.72 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.46 and a current ratio of 8.35. Camtek Ltd. has a 52-week low of $75.75 and a 52-week high of $215.99. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 176.69, a P/E/G ratio of 4.04 and a beta of 1.54. The company’s 50 day moving average price is $179.44 and its 200-day moving average price is $157.17.

Camtek (NASDAQ:CAMT) last posted its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share 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 analyst estimates of $120.15 million. During the same period in the prior year, the business posted $0.79 earnings per share. Camtek’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities research analysts forecast that Camtek Ltd. will post 3.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CAMT. Northland Securities set a $174.00 target price on shares of Camtek in a report on Wednesday, May 13th. Stifel Nicolaus reissued a “hold” rating and issued a $185.00 price target on shares of Camtek in a research note on Friday, April 17th. Weiss Ratings raised shares of Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 14th. Needham & Company LLC upped their price target on shares of Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Evercore reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Camtek in a research note on Wednesday, May 13th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Camtek has a consensus rating of “Moderate Buy” and a consensus target price of $174.33.

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.