Gateway Wealth Partners LLC Purchases Shares of 1,758 Camtek Ltd. (NASDAQ:CAMT)

Gateway Wealth Partners LLC purchased a new stake in shares of Camtek Ltd. (NASDAQ:CAMT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,758 shares of the semiconductor company’s stock, valued at approximately $220,000.

Several other institutional investors have also added to or reduced their stakes in CAMT. Lord Abbett & CO. LLC purchased a new stake in Camtek during the 1st quarter valued at $55,026,000. Y.D. More Investments Ltd lifted its position in shares of Camtek by 723.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 626,973 shares of the semiconductor company’s stock worth $78,709,000 after purchasing an additional 550,854 shares during the period. Zweig DiMenna Associates LLC purchased a new stake in shares of Camtek in the 1st quarter worth about $13,964,000. Quadrature Capital Ltd purchased a new stake in shares of Camtek in the 4th quarter worth about $10,704,000. Finally, Fred Alger Management LLC purchased a new stake in shares of Camtek in the 2nd quarter worth about $8,386,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CAMT shares. B. Riley dropped their target price on shares of 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 raised shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a research report on Monday, August 5th. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $140.00 price target on shares of Camtek in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $116.57.

Camtek Stock Down 3.4 %

NASDAQ:CAMT opened at $79.85 on Tuesday. The firm has a market cap of $3.59 billion, a P/E ratio of 45.11, a P/E/G ratio of 1.43 and a beta of 1.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21. Camtek Ltd. has a fifty-two week low of $48.50 and a fifty-two week high of $140.50. The firm has a 50-day simple moving average of $89.40 and a two-hundred day simple moving average of $95.84.

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 analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $102.60 million during the quarter, compared to analyst estimates of $101.26 million. Camtek had a net margin of 25.93% and a return on equity of 22.57%. Camtek’s revenue was up 39.4% compared to the same quarter last year. During the same period last year, the business earned $0.38 EPS. Analysts predict that Camtek Ltd. will post 2.45 earnings per share for the current fiscal year.

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.