Camtek Ltd. (NASDAQ:CAMT) Shares Sold by Altshuler Shaham Ltd

Altshuler Shaham Ltd cut its holdings in Camtek Ltd. (NASDAQ:CAMT) by 76.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,083 shares of the semiconductor company’s stock after selling 32,405 shares during the quarter. Altshuler Shaham Ltd’s holdings in Camtek were worth $1,266,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Headlands Technologies LLC acquired a new stake in Camtek in the first quarter valued at $50,000. Russell Investments Group Ltd. lifted its stake in shares of Camtek by 524.6% in the first quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 1,238 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Camtek by 17.5% during the fourth 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 in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in Camtek during the fourth quarter worth about $214,000. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new position in Camtek during the second quarter worth about $250,000. 41.93% of the stock is currently owned by hedge funds and other institutional investors.

Camtek Stock Performance

NASDAQ CAMT opened at $74.34 on Monday. The company has a current ratio of 5.21, a quick ratio of 4.29 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $3.34 billion, a PE ratio of 42.00, a price-to-earnings-growth ratio of 1.64 and a beta of 1.39. The business’s 50-day moving average price is $93.38 and its 200 day moving average price is $95.80. Camtek Ltd. has a twelve month low of $48.50 and a twelve month high of $140.50.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. B. Riley dropped their price target on Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Northland Securities upgraded Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price objective on the stock in a research report on Monday, August 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $140.00 target price on shares of Camtek in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target 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.