Camtek Ltd. (NASDAQ:CAMT) Shares Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,329 shares of the semiconductor company’s stock after purchasing an additional 586 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Camtek were worth $1,544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new stake in Camtek during the 1st quarter worth about $50,000. Russell Investments Group Ltd. lifted its holdings in Camtek by 524.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock worth $123,000 after buying an additional 1,238 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Camtek by 17.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock worth $158,000 after buying an additional 340 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in Camtek during the 4th quarter worth about $214,000. Finally, Shaker Investments LLC OH purchased a new stake in shares of Camtek in the 1st quarter valued at about $266,000. 41.93% of the stock is owned by institutional investors and hedge funds.

Camtek Stock Down 4.5 %

CAMT opened at $71.51 on Thursday. The business has a 50 day moving average price of $95.55 and a two-hundred day moving average price of $95.79. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The company has a market cap of $3.21 billion, a PE ratio of 40.40, a P/E/G ratio of 1.64 and a beta of 1.39. Camtek Ltd. has a 52 week low of $48.50 and a 52 week high of $140.50.

Camtek (NASDAQ:CAMT) last released its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. Camtek had a return on equity of 22.57% and a net margin of 25.93%. The company had revenue of $102.60 million for the quarter, compared to analysts’ expectations of $101.26 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm’s quarterly revenue was up 39.4% on a year-over-year basis. As a group, research analysts anticipate that Camtek Ltd. will post 2.45 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on CAMT. Northland Capmk raised Camtek from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Bank of America boosted their target price on Camtek from $98.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Northland Securities raised Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a report on Monday, August 5th. B. Riley reduced their target price on Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $140.00 target price on shares of Camtek in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $116.57.

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.