State of Wyoming Boosts Stake in Camtek Ltd. $CAMT

State of Wyoming lifted its position in Camtek Ltd. (NASDAQ:CAMT) by 70.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,057 shares of the semiconductor company’s stock after purchasing an additional 4,168 shares during the quarter. State of Wyoming’s holdings in Camtek were worth $1,525,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Lifestyle Asset Management Inc. lifted its stake in Camtek by 2.5% in the fourth quarter. Lifestyle Asset Management Inc. now owns 4,764 shares of the semiconductor company’s stock valued at $507,000 after buying an additional 115 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Camtek by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 39,576 shares of the semiconductor company’s stock worth $4,209,000 after acquiring an additional 162 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Camtek by 202.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 200 shares during the period. Cetera Investment Advisers increased its holdings in shares of Camtek by 4.7% in the 2nd quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock valued at $409,000 after acquiring an additional 217 shares during the period. Finally, Fifth Third Bancorp purchased a new stake in Camtek in the 1st quarter valued at $42,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Stock Performance

NASDAQ:CAMT opened at $156.79 on Thursday. 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 firm has a market cap of $7.32 billion, a price-to-earnings ratio of 180.22, a price-to-earnings-growth ratio of 3.75 and a beta of 1.55. The firm’s fifty day moving average price is $164.15 and its 200 day moving average price is $162.19. Camtek Ltd. has a 1-year low of $75.75 and a 1-year high of $215.99.

Camtek (NASDAQ:CAMT) last released its earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $120.15 million. During the same quarter last year, the business earned $0.79 EPS. The business’s revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts expect that Camtek Ltd. will post 3.14 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of Camtek from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Evercore reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Camtek in a report on Wednesday, May 13th. Northland Securities set a $174.00 target price on shares of Camtek in a research note on Wednesday, May 13th. Oppenheimer raised their price target on Camtek from $180.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, Jefferies Financial Group boosted their price target on Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $174.67.

Camtek Company 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.