Hood River Capital Management LLC Has $73.30 Million Stake in Camtek Ltd. (NASDAQ:CAMT)

Hood River Capital Management LLC trimmed its stake in Camtek Ltd. (NASDAQ:CAMT) by 15.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 585,239 shares of the semiconductor company’s stock after selling 106,541 shares during the period. Camtek accounts for about 1.5% of Hood River Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Hood River Capital Management LLC owned approximately 1.30% of Camtek worth $73,295,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its position in shares of Camtek by 4.1% in the second quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock valued at $341,000 after purchasing an additional 108 shares during the period. Petra Financial Advisors Inc. grew its stake in Camtek by 1.5% in the 2nd quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company’s stock valued at $1,038,000 after buying an additional 120 shares during the last quarter. Ellsworth Advisors LLC raised its holdings in Camtek by 3.4% in the 2nd quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company’s stock worth $926,000 after acquiring an additional 245 shares during the period. PNC Financial Services Group Inc. lifted its position 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 acquiring an additional 340 shares during the last quarter. Finally, Truvestments Capital LLC boosted its holdings in Camtek by 5.2% during the first quarter. Truvestments Capital LLC now owns 10,191 shares of the semiconductor company’s stock valued at $854,000 after acquiring an additional 507 shares during the period. 41.93% of the stock is currently owned by institutional investors and hedge funds.

Camtek Trading Down 2.4 %

CAMT stock opened at $74.34 on Monday. The business has a fifty day moving average of $93.38 and a 200-day moving average of $95.80. The company has a market cap of $3.34 billion, a P/E ratio of 42.00, a PEG ratio of 1.64 and a beta of 1.39. Camtek Ltd. has a twelve month low of $48.50 and a twelve month high of $140.50. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42.

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, beating analysts’ consensus estimates of $0.64 by $0.02. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The company had revenue of $102.60 million for the quarter, compared to the consensus estimate of $101.26 million. During the same period in the prior year, the company posted $0.38 EPS. The company’s revenue was up 39.4% compared to the same quarter last year. As a group, equities research analysts expect that Camtek Ltd. will post 2.45 EPS for the current year.

Wall Street Analyst Weigh In

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