Camtek Ltd. (NASDAQ:CAMT) Shares Sold by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. trimmed its stake in shares of Camtek Ltd. (NASDAQ:CAMT) by 5.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,227 shares of the semiconductor company’s stock after selling 289 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Camtek were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd lifted its position in Camtek by 6.0% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,131,671 shares of the semiconductor company’s stock worth $78,523,000 after acquiring an additional 64,484 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in Camtek by 5.7% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 882,165 shares of the semiconductor company’s stock worth $73,899,000 after acquiring an additional 47,900 shares during the period. Hood River Capital Management LLC lifted its position in Camtek by 1.9% during the 1st quarter. Hood River Capital Management LLC now owns 691,780 shares of the semiconductor company’s stock worth $57,950,000 after acquiring an additional 13,094 shares during the period. Lord Abbett & CO. LLC acquired a new stake in Camtek during the 1st quarter worth approximately $55,026,000. Finally, Y.D. More Investments Ltd lifted its position in Camtek by 723.7% during the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock worth $78,709,000 after acquiring an additional 550,854 shares during the period. 41.93% of the stock is owned by institutional investors and hedge funds.

Camtek Stock Performance

NASDAQ CAMT opened at $71.51 on Thursday. Camtek Ltd. has a 1-year low of $48.50 and a 1-year high of $140.50. The company has a market capitalization of $3.21 billion, a P/E ratio of 40.40, a PEG ratio of 1.64 and a beta of 1.39. The business has a 50 day moving average price of $95.55 and a 200 day moving average price of $95.79. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 4.29.

Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, beating 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 firm had revenue of $102.60 million during the quarter, compared to the consensus estimate of $101.26 million. During the same period last year, the business posted $0.38 EPS. Camtek’s quarterly revenue was up 39.4% on a year-over-year basis. Sell-side analysts expect that Camtek Ltd. will post 2.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Camtek Profile

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.